Looking to diversify beyond PCEF? The ETFs below have historically moved differently from PCEF, 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 PCEF
273 ETFs have low correlation with PCEF (below 0.3), 68 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.41 | — | — | 58 | Derivative Income | PCEF vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | — | — | 97 | Inflation-Protected Bonds | PCEF vs RBIL | |
| Invesco DB Energy Fund | -0.25 | -0.08 | 0.07 | 54 | Oil & Gas | PCEF vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | PCEF vs IBIC | |
| Strive U.S. Energy ETF | -0.17 | 0.13 | 0.26 | 53 | Energy Equities | PCEF vs DRLL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PCEF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.30, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.30 | 0.39 | 0.49 | 66 | Financial Services | |
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.71 | 0.71 | 0.76 | 88 |
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