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21 Stocks and 79 ETFs for diversifying PVAL (Putnam Focused Large Cap Value ETF)

The least correlated asset to PVAL (Putnam Focused Large Cap Value ETF) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with PVAL

SymbolName
Market cap
SectorIndustry
Correlation
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.63
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.58
CTWCTW Cayman - Class A$147MCommunication ServicesElectronic Gaming & Multimedia-0.56
CRCLCircle Internet Group Inc - Class A$16BFinancial ServicesCapital Markets-0.50
ELOGEastern International Ltd$9.59MIndustrialsIntegrated Freight & Logistics-0.49
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.48
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.47
BLSHBullish$3.80BTechnologySoftware - Infrastructure-0.45
SAFXXCF Global Inc$145MUtilitiesUtilities - Renewable-0.45
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.45
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.44
AIIAmerican Integrity Insurance Group Inc$358MFinancial ServicesInsurance - Property & Casualty-0.44
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.44
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.42
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.42
CURXCuranex Pharmaceuticals Inc$6.11MHealthcareBiotechnology-0.42
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.41
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.41
EPWKEPWK Holdings Ltd - Class A$9.78KTechnologySoftware - Application-0.40
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.40
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.37

ETFs that lowly correlated with PVAL

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.91
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.90
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.88
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.87
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.86
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.85
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.85
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.84
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.84
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.83
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.83
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.82
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.82
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.82
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.81
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.81
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.81
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.80
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.80
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.77
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.77
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.74
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.73
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.73
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.72
NFLWROUNDHILL NFLX WEEKLYPAY ETF $6.70MN/AJun 17, 2025-0.71
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.71
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.71
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.69
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.68
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.68
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.67
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.66
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.66
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.66
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.66
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.65
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.65
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.64
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.64
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.64
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.64
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.62
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.62
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.60
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.59
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.58
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.58
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.56
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.54
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.54
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.54
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.54
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.54
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.53
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.53
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.53
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.52
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.51
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.50
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.49
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.48
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.48
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.47
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.47
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.46
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.46
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.45
SPXUProShares UltraPro Short S&P 500$427MN/AJun 23, 2009-0.44
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $29MN/AJul 16, 2009-0.43
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.41
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.40
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.39
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.38
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.38
NOWLGRANITESHARES 2X LONG NOW DAILY ETF $286MN/AJul 14, 2025-0.38
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.37
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $433M0.51%Dec 18, 2013-0.36