Looking to diversify beyond PCY? The ETFs below have historically moved differently from PCY, 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 PCY
231 ETFs have low correlation with PCY (below 0.3), 92 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.17 | -0.05 | 72 | Oil & Gas | PCY vs DBE | |
| United States Brent Oil Fund LP | -0.44 | -0.17 | -0.06 | 52 | Oil & Gas | PCY vs BNO | |
| United States Oil Fund LP | -0.44 | -0.17 | -0.05 | 55 | Oil & Gas | PCY vs USO | |
| Invesco DB Oil Fund | -0.42 | -0.16 | -0.04 | 58 | Oil & Gas | PCY vs DBO | |
| United States Gasoline Fund LP | -0.41 | -0.15 | -0.04 | 87 | Oil & Gas | PCY vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PCY, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.30, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.30 | -0.01 | 0.06 | 70 | Energy | |
| The Coca-Cola Company | 0.01 | 0.13 | 0.21 | 90 | Consumer Defensive | |
| Tyson Foods, Inc. | 0.03 | 0.13 | 0.17 | 62 | Consumer Defensive | |
| Realty Income Corporation | 0.17 | 0.31 | 0.33 | 77 | Real Estate | |
| Sociedad Química y Minera de Chile S.A. | 0.24 | 0.27 | 0.29 | 85 | Basic Materials |
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