Looking to diversify beyond PBP? The ETFs below have the lowest correlation with PBP — 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 PBP.
Best Diversifiers for PBP
302 ETFs have low correlation with PBP (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.32 | -0.32 | 57 | Cryptocurrency | PBP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.36 | -0.36 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PBP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | -0.39 | -0.39 | 68 | Inverse Equities, Leveraged Equities | PBP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 70 | Derivative Income | PBP vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.27 | -0.21 | -0.27 | 51 | Currency | PBP vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBP and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.15 | 0.24 | 71 | Consumer Defensive | |
| Northrop Grumman Corporation | -0.03 | 0.01 | 0.13 | 51 | Industrials | |
| L3Harris Technologies, Inc. | 0.10 | 0.12 | 0.21 | 59 | Industrials | |
| Iridium Communications Inc. | 0.24 | 0.25 | 0.35 | 71 | Communication Services | |
| Howmet Aerospace Inc. | 0.28 | 0.39 | 0.49 | 87 | Industrials |
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