Looking to diversify beyond PXJ? The ETFs below have historically moved differently from PXJ, 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 PXJ
1236 ETFs have low correlation with PXJ (below 0.3), 141 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | — | — | 61 | Inverse Equities, Leveraged Equities | PXJ vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.19 | — | — | 75 | Derivative Income | PXJ vs WNTR | |
| ProShares Short Bitcoin ETF | -0.17 | -0.15 | — | 61 | Cryptocurrency | PXJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.17 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PXJ vs SBIT | |
| Franklin Short Duration U.S. Government ETF | -0.15 | -0.10 | -0.07 | 96 | Mortgage Backed Securities | PXJ vs FTSD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PXJ, 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 Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.12 | -0.01 | 0.05 | 94 | Consumer Defensive | |
| The Coca-Cola Company | -0.03 | -0.01 | 0.07 | 90 | Consumer Defensive | |
| Johnson & Johnson | -0.00 | 0.04 | 0.05 | 97 | Healthcare | |
| Indivior PLC Ordinary Shares | 0.02 | 0.18 | 0.11 | 95 | Healthcare | |
| Jazz Pharmaceuticals plc | 0.05 | 0.17 | 0.23 | 98 | Healthcare |
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