Looking to diversify beyond PBL? The ETFs below have historically moved differently from PBL, 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 PBL
219 ETFs have low correlation with PBL (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.35 | — | 61 | Cryptocurrency | PBL vs BITI | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.06 | — | 56 | Options Trading | PBL vs CAOS | |
| Invesco DB Energy Fund | -0.30 | -0.11 | -0.04 | 72 | Oil & Gas | PBL vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.10 | -0.04 | 52 | Oil & Gas | PBL vs BNO | |
| Invesco DB Oil Fund | -0.26 | -0.08 | -0.03 | 58 | Oil & Gas | PBL vs DBO |
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