Looking to diversify beyond PTNQ? The ETFs below have historically moved differently from PTNQ, 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 PTNQ
422 ETFs have low correlation with PTNQ (below 0.3), 95 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.50, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.50 | -0.36 | — | 61 | Cryptocurrency | PTNQ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.49 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PTNQ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 61 | Inverse Equities, Leveraged Equities | PTNQ vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | -0.43 | -0.43 | 75 | Derivative Income | PTNQ vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.06 | — | 56 | Options Trading | PTNQ vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PTNQ, 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.00, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.00 | 0.17 | 0.20 | 83 | Healthcare | |
| Sterling Infrastructure, Inc. | 0.64 | 0.53 | 0.48 | 84 | Industrials |
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