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
338 ETFs have low correlation with PBE (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.11 | -0.08 | 61 | Leveraged Currency | PBE vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | PBE vs IBIC | |
| First Trust Alternative Absolute Return Strategy E... | -0.16 | -0.07 | -0.05 | 70 | Commodities | PBE vs FAAR | |
| VanEck Commodity Strategy ETF | -0.15 | -0.04 | — | 55 | Commodities | PBE vs PIT | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.07 | -0.04 | 100 | Ultrashort Bond | PBE vs SGOV |
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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 COMPASS Pathways plc (CMPS) (Healthcare) with a 1Y correlation of 0.26, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| COMPASS Pathways plc | 0.26 | 0.39 | 0.44 | 87 | Healthcare | |
| Powell Industries, Inc. | 0.27 | 0.28 | 0.31 | 99 | Industrials | |
| Definium Therapeutics, Inc | 0.34 | 0.43 | — | 98 | Healthcare | |
| Alkermes plc | 0.50 | 0.51 | 0.53 | 80 | Healthcare |
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