Looking to diversify beyond PNQI? The ETFs below have historically moved differently from PNQI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PNQI
524 ETFs have low correlation with PNQI (below 0.3), 87 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 61 | Inverse Equities, Leveraged Equities | PNQI vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 75 | Derivative Income | PNQI vs WNTR | |
| ProShares Short Bitcoin ETF | -0.37 | -0.36 | — | 61 | Cryptocurrency | PNQI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PNQI vs SBIT | |
| Invesco DB Energy Fund | -0.24 | -0.08 | 0.03 | 72 | Oil & Gas | PNQI vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PNQI, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AdaptHealth Corp. (AHCO) (Healthcare) with a 1Y correlation of 0.22, down from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AdaptHealth Corp. | 0.22 | 0.26 | 0.35 | 60 | Healthcare | |
| NVIDIA Corporation | 0.30 | 0.46 | 0.57 | 56 | Technology |
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