Looking to diversify beyond PEZ? The ETFs below have the lowest correlation with PEZ — 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 PEZ.
Best Diversifiers for PEZ
159 ETFs have low correlation with PEZ (below 0.3), 23 of which are negatively correlated. The least correlated is iShares iBonds Oct 2026 Term TIPS ETF (IBIC) (Inflation-Protected Bonds) with a 1Y correlation of -0.22, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | PEZ vs IBIC | |
| First Trust Alternative Absolute Return Strategy E... | -0.20 | -0.05 | -0.00 | 70 | Commodities | PEZ vs FAAR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | 0.04 | 0.04 | 95 | Inflation-Protected Bonds | PEZ vs IBID | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.16 | 0.04 | 0.13 | 53 | Commodities | PEZ vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.16 | -0.03 | -0.03 | 50 | Commodities | PEZ vs CERY |
See all 1151 diversifiers for PEZ
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Diversification Analysis
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