Looking to diversify beyond PONX? The ETFs below have the lowest correlation with PONX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PONX.
Best Diversifiers for PONX
0 ETFs have low correlation with PONX (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long MU Daily ETF (MULL) (Leveraged Equities) with a 1Y correlation of 0.41, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long MU Daily ETF | 0.41 | 0.41 | 0.41 | 98 | Leveraged Equities | PONX vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.47 | 0.47 | 0.47 | 72 | Leveraged Equities | PONX vs XTJL |
Diversification Analysis
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