Looking to diversify beyond PBP? The ETFs below have historically moved differently from PBP, 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 PBP
358 ETFs have low correlation with PBP (below 0.3), 64 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PBP vs SBIT | |
| ProShares Short Bitcoin ETF | -0.46 | -0.32 | — | 61 | Cryptocurrency | PBP vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | — | — | 61 | Inverse Equities, Leveraged Equities | PBP vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.44 | — | — | 75 | Derivative Income | PBP vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.34 | -0.08 | — | 56 | Options Trading | PBP vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBP, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.09 | 0.14 | 0.23 | 62 | Consumer Defensive | |
| Iridium Communications Inc. | 0.24 | 0.26 | 0.35 | 84 | Communication Services | |
| Howmet Aerospace Inc. | 0.31 | 0.39 | 0.49 | 90 | Industrials | |
| American Express Company | 0.36 | 0.44 | 0.53 | 58 | Financial Services | |
| BWX Technologies, Inc. | 0.39 | 0.36 | 0.37 | 53 | Industrials |
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