Looking to diversify beyond PAB? The ETFs below have historically moved differently from PAB, 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 PAB
471 ETFs have low correlation with PAB (below 0.3), 61 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.25 | -0.16 | 72 | Oil & Gas | PAB vs DBE | |
| Invesco DB Oil Fund | -0.44 | -0.24 | -0.16 | 58 | Oil & Gas | PAB vs DBO | |
| United States Brent Oil Fund LP | -0.42 | -0.24 | -0.17 | 52 | Oil & Gas | PAB vs BNO | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.39 | -0.21 | -0.13 | 58 | Commodities | PAB vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.19 | -0.12 | 67 | Commodities | PAB vs GSG |
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