Looking to diversify beyond PTNQ? The ETFs below have the lowest correlation with PTNQ — 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 PTNQ.
Best Diversifiers for PTNQ
342 ETFs have low correlation with PTNQ (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.35 | -0.38 | 57 | Cryptocurrency | PTNQ vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | -0.44 | -0.44 | 68 | Inverse Equities, Leveraged Equities | PTNQ vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PTNQ vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.45 | — | — | 70 | Derivative Income | PTNQ vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.24 | -0.22 | -0.25 | 51 | Currency | PTNQ vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTNQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTNQ and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.03, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.03 | 0.18 | 0.21 | 80 | Healthcare | |
| Sterling Infrastructure, Inc. | 0.61 | 0.51 | 0.47 | 92 | Industrials |
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