Looking to diversify beyond PBTP? The ETFs below have the lowest correlation with PBTP — 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 PBTP.
Best Diversifiers for PBTP
1418 ETFs have low correlation with PBTP (below 0.3), 532 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, up from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.39 | -0.39 | 61 | Leveraged Currency | PBTP vs YCS | |
| ProShares Investment Grade-Interest Rate Hedged | -0.17 | -0.09 | -0.01 | 59 | Corporate Bonds | PBTP vs IGHG | |
| ASML Holding NV ADR Hedged ETF | -0.16 | — | — | 93 | Technology Equities | PBTP vs ASMH | |
| iShares Interest Rate Hedged Corporate Bond ETF | -0.15 | 0.02 | 0.09 | 82 | Corporate Bonds | PBTP vs LQDH | |
| Eaton Vance Floating-Rate ETF | -0.15 | -0.03 | -0.03 | 73 | Bank Loan | PBTP vs EVLN |
See all 1553 diversifiers for PBTP
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