Looking to diversify beyond PVEX? The ETFs below have the lowest correlation with PVEX — 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 PVEX.
Best Diversifiers for PVEX
0 ETFs have low correlation with PVEX (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) (Large Cap Blend Equities) with a 1Y correlation of 0.82, roughly unchanged from 0.82 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator U.S. Equity Ultra Buffer ETF - November | 0.82 | 0.82 | 0.82 | 77 | Large Cap Blend Equities | PVEX vs UNOV | |
| TrueShares Structured Outcome (October) ETF | 0.91 | 0.91 | 0.91 | 65 | Defined Outcome | PVEX vs OCTZ |
Diversification Analysis
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