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High CorrelationLow Correlation

22 Stocks and 78 ETFs for diversifying PEJ (INVESCO LEISURE AND ENTERTAINMENT ETF)

The least correlated asset to PEJ (INVESCO LEISURE AND ENTERTAINMENT ETF) is ETF SBB (ProShares Short SmallCap600 -1x Shares). The correlation is -0.809.

Stocks that lowly correlated with PEJ

SymbolName
Market cap
SectorIndustry
Correlation
OFSSOOFS Capital Corp$341MN/AN/A-0.73
INACIndigo Acquisition Corp$118MFinancial ServicesShell Companies-0.71
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.61
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.59
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.58
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.56
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.53
IPCXInflection Point Acquisition Corp III - Class A$263MFinancial ServicesShell Companies-0.52
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.52
TACHTitan Acquisition Corp - Class A$288MFinancial ServicesShell Companies-0.52
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.51
PACHPioneer Acquisition I Corp - Class A$260MFinancial ServicesShell Companies-0.51
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.50
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.49
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.49
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.48
PROPPrairie Operating Co. Common Stock$60MEnergyOil & Gas E&p-0.48
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.47
STRCMicrostrategy Incorporated Variable Rate Series A Perpetual Stretch Preferred Stock$29BTechnologySoftware - Application-0.47
SOCAUSolarius Capital Acquisition Corp Units$179MFinancial ServicesShell Companies-0.45
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.44
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.44

ETFs that lowly correlated with PEJ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.81
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.81
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.80
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.80
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.79
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.79
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.78
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.78
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.78
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.77
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.76
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.75
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.71
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.71
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.71
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.70
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.70
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.69
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.69
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.68
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.68
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.68
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.68
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.68
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.68
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.67
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.67
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.67
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.67
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.67
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.66
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.66
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.66
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.65
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.65
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.64
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.62
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.62
DRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF$131MN/AMay 28, 2015-0.62
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.61
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.60
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.60
DUGProShares UltraShort Energy$27MN/AJan 30, 2007-0.60
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.60
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.59
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.59
ERYDIREXION DAILY ENERGY BEAR 2X SHARES $49MN/ANov 6, 2008-0.58
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.58
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.58
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.58
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.57
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.57
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.56
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.55
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.55
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.54
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.52
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.52
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.52
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.52
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.51
WTIDBank of Montreal$18MN/AFeb 16, 2023-0.51
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.51
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.50
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.50
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.49
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.48
OILDBank of Montreal$53MN/ANov 8, 2021-0.48
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.47
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.47
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.47
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.46
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.45
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.45
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.45
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.45
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.44
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.44