Looking to diversify beyond PXE? The ETFs below have the lowest correlation with PXE — 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 PXE.
Best Diversifiers for PXE
1482 ETFs have low correlation with PXE (below 0.3), 1125 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.36 | — | — | 52 | Global Bonds | PXE vs AVGB | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.33 | -0.11 | — | 70 | Municipal Bonds | PXE vs BSMW | |
| John Hancock Mortgage Backed Securities ETF | -0.32 | -0.12 | -0.13 | 52 | Intermediate Core-Plus Bond | PXE vs JHMB | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.30 | -0.10 | -0.01 | 54 | Nontraditional Bonds | PXE vs UCON | |
| Avantis Short-Term Fixed Income ETF | -0.30 | -0.10 | -0.07 | 70 | Short-Term Bond | PXE vs AVSF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PXE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PXE and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.12, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.12 | 0.07 | 0.18 | 92 | Technology |
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