Looking to diversify beyond PBMY? The ETFs below have historically moved differently from PBMY, 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 PBMY
244 ETFs have low correlation with PBMY (below 0.3), 41 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | — | — | 61 | Cryptocurrency | PBMY vs BITI | |
| Alpha Architect Tail Risk ETF | -0.31 | — | — | 56 | Options Trading | PBMY vs CAOS | |
| Invesco DB Energy Fund | -0.26 | — | — | 72 | Oil & Gas | PBMY vs DBE | |
| United States Brent Oil Fund LP | -0.23 | — | — | 52 | Oil & Gas | PBMY vs BNO | |
| Invesco DB Oil Fund | -0.19 | -0.04 | -0.04 | 58 | Oil & Gas | PBMY vs DBO |
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