Looking to diversify beyond PBMY? The ETFs below have the lowest correlation with PBMY — 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 PBMY.
Best Diversifiers for PBMY
210 ETFs have low correlation with PBMY (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.09 | -0.09 | 71 | Oil & Gas | PBMY vs DBE | |
| United States Brent Oil Fund LP | -0.30 | — | — | 65 | Oil & Gas | PBMY vs BNO | |
| Invesco DB Oil Fund | -0.28 | — | — | 65 | Oil & Gas | PBMY vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.01 | -0.01 | 71 | Commodities | PBMY vs GSG | |
| iShares Commodities Select Strategy ETF | -0.23 | -0.01 | -0.01 | 71 | Commodities | PBMY vs COMT |
See all 1163 diversifiers for PBMY
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PBMY
Add PBMY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PBMY