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28 Stocks and 72 ETFs for diversifying PEPS (PARAMETRIC EQUITY PLUS ETF)

The least correlated asset to PEPS (PARAMETRIC EQUITY PLUS ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with PEPS

SymbolName
Market cap
SectorIndustry
Correlation
PIRSPieris Pharmaceuticals Inc$24MN/AN/A-1.00
LBPHLongboard Pharmaceuticals Inc$2.34BN/AN/A-1.00
IVCPUAleAnna Inc - Units (1 Ord Share Class A & 1/2 War)$308MN/AN/A-1.00
GSRMBitcoin Depot Inc - Class A$54MN/AN/A-0.93
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.90
SMTKSmartKem, Inc. Common Stock$4.23MTechnologySemiconductor Equipment & Materials-0.89
DMDesktop Metal Inc - Class A$165MN/AN/A-0.75
MLGOMicroAlgo Inc$31MTechnologySoftware - Infrastructure-0.72
PRAProAssurance Corporation$1.29BFinancial ServicesInsurance - Property & Casualty-0.68
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.65
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.62
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.61
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.61
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.60
EDConsolidated Edison Inc$40BUtilitiesUtilities - Regulated Electric-0.58
CNPCenterpoint Energy Inc$28BUtilitiesUtilities - Regulated Electric-0.58
NAOVNanoVibronix Inc$15MHealthcareMedical Devices-0.57
OPOFOld Point Financial Corp$215MFinancial ServicesBanks - Regional-0.57
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.56
AWKAmerican Water Works Co. Inc$25BUtilitiesUtilities - Regulated Water-0.56
ANNAAleAnna Inc - Class A$131MEnergyOil & Gas E&p-0.55
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.55
HFFGHF Foods Group Inc$90MConsumer DefensiveFood Distribution-0.54
PDEXPro-Dex Inc (co)$181MHealthcareMedical Instruments & Supplies-0.54
BJBJ`s Wholesale Club Holdings Inc$12BConsumer DefensiveDiscount Stores-0.53
OPTNOptiNose Inc$112MN/AN/A-0.53
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.53
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.53

ETFs that lowly correlated with PEPS

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-1.00
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.97
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.97
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.96
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.93
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.90
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.89
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.89
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.88
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.87
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.87
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.86
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.86
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.84
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.83
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.83
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.83
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.83
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.83
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.82
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.82
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.82
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.80
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.80
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.78
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.77
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.77
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.77
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.76
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.74
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.74
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.74
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.74
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.73
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.73
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.70
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.69
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.68
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.68
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.68
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.68
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.67
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.65
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.64
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.64
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.63
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.63
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.63
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.62
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.62
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.61
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.61
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.61
SMCPAlphaMark Actively Managed Small Cap ETF$3.50M0.79%May 11, 2026-0.60
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.60
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, 2025-0.59
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.59
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.59
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.59
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.58
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.58
IBICISHARES IBONDS OCT 2026 TERM TIPS ETF $86M0.10%Sep 13, 2023-0.58
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.56
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.55
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.54
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.54
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.54
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.53
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.52