Looking to balance out your exposure to PBF? The ETFs below have historically moved differently from PBF, 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 PBF
3 ETFs have low correlation with PBF (below 0.3), 3 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.12, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.12 | 0.11 | 0.19 | 67 | S&P 500 | PBF vs SPY | |
| Vanguard S&P 500 ETF | -0.12 | 0.11 | 0.19 | 68 | S&P 500 | PBF vs VOO | |
| First Trust STOXX European Select Dividend Index F... | -0.09 | 0.08 | 0.17 | 91 | Europe Equities, Dividend | PBF vs FDD | |
| United States Oil Fund LP | 0.44 | 0.38 | 0.42 | 55 | Oil & Gas | PBF vs USO | |
| VanEck Oil Refiners ETF | 0.61 | 0.63 | 0.66 | 95 | Energy Equities | PBF vs CRAK |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Crocs, Inc. (CROX) (Consumer Cyclical) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Crocs, Inc. | -0.21 | 0.05 | 0.12 | 63 | Consumer Cyclical | |
| Penske Automotive Group, Inc. | -0.12 | 0.18 | 0.23 | 76 | Consumer Cyclical | |
| Sumitomo Corp ADR | -0.10 | 0.02 | 0.10 | 87 | Industrials | |
| Mueller Industries, Inc. | -0.05 | 0.17 | 0.21 | 86 | Industrials | |
| JPMorgan Chase & Co. | -0.04 | 0.11 | 0.19 | 71 | Financial Services |
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