Looking to diversify beyond PCLG? The ETFs below have the lowest correlation with PCLG — 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 PCLG.
Best Diversifiers for PCLG
215 ETFs have low correlation with PCLG (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.44 | -0.44 | 52 | Cryptocurrency | PCLG vs BITI | |
| Invesco DB Energy Fund | -0.22 | -0.22 | -0.22 | 57 | Oil & Gas | PCLG vs DBE | |
| Direxion Daily Energy Bull 2X Shares | -0.21 | -0.21 | -0.21 | 54 | Leveraged Equities | PCLG vs ERX | |
| ProShares Ultra Oil & Gas | -0.20 | -0.20 | -0.20 | 53 | Leveraged Equities | PCLG vs DIG | |
| Fidelity MSCI Energy Index ETF | -0.18 | -0.18 | -0.18 | 60 | Energy Equities | PCLG vs FENY |
See all 1095 diversifiers for PCLG
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