Looking to diversify beyond PBE? The ETFs below have the lowest correlation with PBE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PBE.
Best Diversifiers for PBE
464 ETFs have low correlation with PBE (below 0.3), 70 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.14 | -0.02 | 53 | Oil & Gas | PBE vs DBE | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.23 | -0.26 | 51 | Currency | PBE vs UUP | |
| ProShares UltraShort Yen | -0.29 | -0.11 | -0.09 | 72 | Leveraged Currency | PBE vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.13 | -0.02 | 78 | Oil & Gas | PBE vs UGA | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PBE vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBE and solid risk/return profiles. The least correlated is Powell Industries, Inc. (POWL) (Industrials) with a 1Y correlation of 0.22, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Powell Industries, Inc. | 0.22 | 0.27 | 0.30 | 96 | Industrials | |
| COMPASS Pathways plc | 0.27 | 0.39 | 0.44 | 96 | Healthcare | |
| Mueller Industries, Inc. | 0.27 | 0.43 | 0.44 | 73 | Industrials | |
| Definium Therapeutics, Inc | 0.32 | 0.43 | — | 99 | Healthcare | |
| Alkermes plc | 0.52 | 0.52 | 0.54 | 87 | Healthcare |
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