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
283 ETFs have low correlation with PXH (below 0.3), 50 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.20 | -0.16 | 63 | Leveraged Currency | PXH vs YCS | |
| United States Oil Fund LP | -0.24 | 0.05 | 0.15 | 66 | Oil & Gas | PXH vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.24 | — | — | 56 | Derivative Income | PXH vs USOY | |
| United States Brent Oil Fund LP | -0.23 | 0.06 | 0.15 | 65 | Oil & Gas | PXH vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | PXH vs IBIC |
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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 -0.09, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.09 | 0.06 | 0.11 | 59 | Consumer Defensive | |
| Eli Lilly and Company | 0.10 | 0.10 | 0.11 | 72 | Healthcare | |
| Woodside Energy Group Ltd | 0.13 | 0.38 | 0.41 | 86 | Energy | |
| Raytheon Technologies Corporation | 0.17 | 0.15 | 0.26 | 72 | Industrials | |
| General Dynamics Corporation | 0.17 | 0.18 | 0.25 | 73 |
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