A large portion of my portfolio is invested in TQQQ and VOO. In my search to diversify and build a defensive sleeve within my portfolio I made a table of stocks I own, or would consider owning. Here is the table I've put together. The correlations look back and are equalized to 3.17.2008. I used the monthly period for the correlations and the look back period is limited by PM. CALM has high PE ratios, but the asymmetric return profile and low correlation to QQQ is appealing to me. I used Finviz for the current and Forward PEs, and Testfolio for the correlations. If you have any you like, please share. Invest at your own risk.
| Ticker | QQQSIM | Current PE | FWD PE | Sector | Industry |
| :--- | :--- | :--- | :--- | :--- | :--- |
| JPM | 0.5195431 | 14.2 | 13.15 | Financial | Banks - diversified |
| PSA | 0.382299 | 27.32 | 29.14 | Real Estate | REIT |
| PM | 0.3670603 | 27.35 | 20.75 | Consumer Defensive | Tobacco |
| O | 0.3647934 | 39.58 | 32.22 | Real Estate | REIT |
| JNJ | 0.3566487 | 29.61 | 20.43 | Healthcare | Drug Manufacturers |
| CB | 0.3414173 | 11.85 | 11.44 | Financial | Property/Casualty Insurance |
| USLM | 0.3384764 | 23.71 | 19.44 | Basic Materials | Building Materials |
| PGR | 0.3350138 | 10.65 | 13.06 | Financial | Property/Casualty Insurance |
| CHE | 0.332 | 25.58 | 18.5 | Healthcare | Health Care Facilities |
| LMT | 0.330793 | 18.72 | 15.53 | Industrials | Aeorospace & Defense |
| CF | 0.3304936 | 8.61 | 10.31 | Basic Materials | Agriculture Inputs |
| NOC | 0.3256703 | 15.28 | 15.82 | Industrials | Aeorospace & Defense |
| TTE | 0.3161203 | 10.4 | 7.88 | Energy | OnG Intergrated |
| KO | 0.3142163 | 26.14 | 24.57 | Consumer Defensive | Bev -non-alcoholic |
| NEE | 0.3129688 | 17.4 | 17.67 | Utilities | Regulated Electric |
| MCD | 0.3051508 | 18.87 | 16.82 | Consumer Cyclical | Restaurants |
| WMT | 0.2985557 | 38.85 | 33.28 | Consumer Defensive | Discount Stores |
| PG | 0.2973961 | 22.5 | 20.16 | Consumer Defensive | Household Products |
| DTE | 0.2951232 | 20.08 | 15.22 | Utilities | Regulated Electric |
| AMGN | 0.2941492 | 24.97 | 16.44 | Healthcare | Drug Manufacturers |
| MO | 0.2802405 | 14.4 | 11.63 | Consumer Defensive | Tobacco |
| CME | 0.2778539 | 22.92 | 20.86 | Financial | Financial Data |
| AEP | 0.2371847 | 20.99 | 17.64 | Utilities | Regulated Electric |
| XOM | 0.2317992 | 21.25 | 14.63 | Energy | OnG Intergrated |
| FNV | 0.1942892 | 32.07 | 26.22 | Basic Materials | Gold |
| RNR | 0.1807501 | 5.58 | 7.84 | Financial | Reinsurance |
| SO | 0.1622822 | 20.48 | 17.28 | Utilities | Regulated Electric |
| CALM | 0.1527981 | 54.06 | 64.72 | Consumer Defensive | Farm Products |
| AEM | 0.1083648 | 15.98 | 15.17 | Basic Materials | Gold |