Looking to diversify beyond PXH? The ETFs below have the lowest correlation with PXH — 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 PXH.
Best Diversifiers for PXH
310 ETFs have low correlation with PXH (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.41 | -0.45 | 51 | Currency | PXH vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PXH vs SBIT | |
| ProShares Short Bitcoin ETF | -0.41 | -0.28 | -0.30 | 57 | Cryptocurrency | PXH vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | PXH vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | PXH vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PXH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PXH and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.04 | 0.09 | 71 | Consumer Defensive | |
| Lockheed Martin Corporation | -0.01 | -0.01 | 0.06 | 59 | Industrials | |
| Eli Lilly and Company | 0.03 | 0.09 | 0.10 | 80 | Healthcare | |
| Woodside Energy Group Ltd | 0.14 | 0.37 | 0.41 | 76 | Energy | |
| RTX Corporation | 0.16 | 0.13 | 0.24 | 81 | Industrials |
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