Looking to diversify beyond PBTP? The ETFs below have historically moved differently from PBTP, 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 PBTP
1576 ETFs have low correlation with PBTP (below 0.3), 220 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, up from -0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.39 | -0.39 | 56 | Leveraged Currency | PBTP vs YCS | |
| MicroSectors U.S. Big Banks Index 3X Leveraged ETN... | -0.15 | — | — | 55 | Leveraged Equities | PBTP vs BNKU | |
| iShares BBB-B CLO Active ETF | -0.15 | — | — | 91 | CLO | PBTP vs BCLO | |
| ProShares Investment Grade-Interest Rate Hedged | -0.14 | -0.10 | -0.01 | 66 | Corporate Bonds, Investment Grade Bonds | PBTP vs IGHG | |
| iShares Interest Rate Hedged High Yield Bond ETF | -0.14 | -0.02 | 0.06 | 87 | High Yield Bonds, Corporate Bonds | PBTP vs HYGH |
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