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 Leverage Shares 2X Long ARM Daily ETF (ARMG) (Leveraged Equities) with a 1Y correlation of 0.37, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ARM Daily ETF | 0.37 | 0.37 | 0.37 | 84 | Leveraged Equities | PONX vs ARMG | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.47 | 0.47 | — | 71 | Leveraged Equities | PONX vs XTJL | |
| Leverage Shares 2X Long TSM Daily ETF | 0.49 | 0.49 | 0.49 | 89 | Leveraged Equities | PONX vs TSMG | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.52 | 0.52 | 0.52 | 63 | Leveraged Equities, S&P 500 | PONX vs SPUU | |
| Tradr 2X Long Triple Q Quarterly ETF | 0.52 | 0.52 | 0.52 | 63 | Leveraged Equities | PONX vs QQQP |
Diversification Analysis
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