Looking to diversify beyond PCEF? The ETFs below have the lowest correlation with PCEF — 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 PCEF.
Best Diversifiers for PCEF
265 ETFs have low correlation with PCEF (below 0.3), 62 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.40, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.38 | -0.38 | 65 | Inverse Equities, Leveraged Equities | PCEF vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.40 | -0.30 | -0.33 | 53 | Cryptocurrency | PCEF vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | -0.40 | -0.40 | 70 | Derivative Income | PCEF vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | PCEF vs RBIL | |
| Invesco DB Energy Fund | -0.22 | -0.06 | 0.08 | 57 | Oil & Gas | PCEF vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCEF and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.32, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.32 | 0.41 | 0.50 | 73 | Financial Services |
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