Looking to diversify beyond PXH? The ETFs below have historically moved differently from PXH, 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 PXH
371 ETFs have low correlation with PXH (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.29 | — | 51 | Cryptocurrency | PXH vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | -0.38 | -0.38 | 69 | Derivative Income | PXH vs WNTR | |
| ProShares UltraShort Yen | -0.26 | -0.19 | -0.16 | 59 | Leveraged Currency | PXH vs YCS | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.25 | -0.11 | -0.07 | 51 | Nontraditional Bonds | PXH vs RISR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | PXH vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PXH, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.03 | 0.09 | 60 | Consumer Defensive | |
| Eli Lilly and Company | -0.03 | 0.06 | 0.07 | 79 | Healthcare | |
| Lockheed Martin Corporation | -0.01 | -0.03 | 0.05 | 80 | Industrials | |
| Visa Inc. | 0.05 | 0.17 | 0.31 | 55 | Financial Services | |
| Woodside Energy Group Ltd | 0.12 | 0.35 | 0.41 | 78 | Energy |
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