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
1504 ETFs have low correlation with PXE (below 0.3), 1094 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.36, down from -0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.36 | -0.11 | — | 67 | Municipal Bonds | PXE vs BSMW | |
| Avantis Credit ETF | -0.31 | -0.30 | -0.30 | 53 | Global Bonds | PXE vs AVGB | |
| BNY Mellon Ultra Short Income ETF | -0.28 | -0.13 | — | 99 | Ultrashort Bond | PXE vs BKUI | |
| JPMorgan BetaBuilders U.S. Treasury Bond 1-3 Year ... | -0.27 | -0.15 | — | 85 | Government Bonds, Short-Term Bond | PXE vs BBSB | |
| Schwab Short-Term U.S. Treasury ETF | -0.27 | -0.15 | -0.13 | 81 | Government Bonds, Short-Term Bond | PXE vs SCHO |
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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 -0.10, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.10 | 0.08 | 0.19 | 95 | Technology |
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