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
1388 ETFs have low correlation with PBTP (below 0.3), 260 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, up from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.39 | -0.39 | 72 | Leveraged Currency | PBTP vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.24 | -0.32 | -0.31 | 51 | Currency | PBTP vs UUP | |
| ProShares Investment Grade-Interest Rate Hedged | -0.17 | -0.09 | -0.01 | 58 | Corporate Bonds | PBTP vs IGHG | |
| iShares BBB-B CLO Active ETF | -0.15 | — | — | 89 | CLO | PBTP vs BCLO | |
| MicroSectors U.S. Big Banks Index 3X Leveraged ETN... | -0.14 | — | — | 54 | Leveraged Equities | PBTP vs BNKU |
See all 1532 diversifiers for PBTP
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