Looking to diversify beyond PBQQ? The ETFs below have the lowest correlation with PBQQ — 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 PBQQ.
Best Diversifiers for PBQQ
218 ETFs have low correlation with PBQQ (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.47 | -0.47 | 57 | Cryptocurrency | PBQQ vs BITI | |
| Invesco DB Energy Fund | -0.23 | — | — | 53 | Oil & Gas | PBQQ vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | PBQQ vs IBIC | |
| Alerian Energy Infrastructure ETF | -0.16 | 0.10 | 0.10 | 77 | Energy Equities | PBQQ vs ENFR | |
| Brookstone Ultra-Short Bond ETF | -0.16 | — | — | 99 | Ultrashort Bond | PBQQ vs BAMU |
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