Looking to diversify beyond PXJ? The ETFs below have the lowest correlation with PXJ — 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 PXJ.
Best Diversifiers for PXJ
1120 ETFs have low correlation with PXJ (below 0.3), 138 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.19 | — | — | 68 | Inverse Equities, Leveraged Equities | PXJ vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.18 | -0.20 | -0.20 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PXJ vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.17 | — | — | 70 | Derivative Income | PXJ vs WNTR | |
| ProShares Short Bitcoin ETF | -0.17 | -0.14 | -0.19 | 57 | Cryptocurrency | PXJ vs BITI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.15 | -0.04 | -0.08 | 72 | Municipal Bonds | PXJ vs BSMW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PXJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PXJ and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.08 | -0.00 | 0.06 | 93 | Consumer Defensive | |
| The Coca-Cola Company | 0.01 | -0.01 | 0.07 | 83 | Consumer Defensive | |
| Johnson & Johnson | 0.02 | 0.04 | 0.05 | 97 | Healthcare | |
| CareTrust REIT, Inc. | 0.04 | 0.06 | 0.15 | 84 | Real Estate | |
| Indivior PLC Ordinary Shares | 0.04 | 0.17 | 0.11 | 98 | Healthcare |
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