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
237 ETFs have low correlation with PBP (below 0.3), 30 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | PBP vs IBIC | |
| ProShares UltraShort Yen | -0.17 | -0.05 | -0.03 | 63 | Leveraged Currency | PBP vs YCS | |
| United States Gasoline Fund LP | -0.16 | -0.02 | 0.07 | 55 | Oil & Gas | PBP vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | PBP vs CSHP | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | 0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | PBP vs USFR |
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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 -0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.16 | 0.24 | 69 | Consumer Defensive | |
| Iridium Communications Inc. | 0.24 | 0.24 | 0.35 | 66 | Communication Services | |
| Howmet Aerospace Inc. | 0.25 | 0.39 | 0.49 | 85 | Industrials | |
| BWX Technologies, Inc. | 0.35 | 0.36 | 0.37 | 73 | Industrials | |
| American Express Company | 0.38 | 0.45 | 0.53 | 56 | Financial Services |
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