Looking to diversify beyond PXQ? The ETFs below have historically moved differently from PXQ, 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 PXQ
290 ETFs have low correlation with PXQ (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.33 | — | 61 | Cryptocurrency | PXQ vs BITI | |
| Alpha Architect Tail Risk ETF | -0.28 | -0.08 | — | 56 | Options Trading | PXQ vs CAOS | |
| iShares U.S. Insurance ETF | -0.21 | 0.07 | 0.26 | 53 | Financials Equities | PXQ vs IAK | |
| Invesco DB Energy Fund | -0.18 | -0.03 | 0.07 | 72 | Oil & Gas | PXQ vs DBE | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.17 | 0.18 | 0.33 | 92 | Large Cap Value Equities, Dividend | PXQ vs FDL |
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