Looking to diversify beyond PEZ? The ETFs below have historically moved differently from PEZ, 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 PEZ
192 ETFs have low correlation with PEZ (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.35 | — | 61 | Cryptocurrency | PEZ vs BITI | |
| Invesco DB Energy Fund | -0.38 | -0.13 | 0.02 | 72 | Oil & Gas | PEZ vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.10 | 0.02 | 52 | Oil & Gas | PEZ vs BNO | |
| Invesco DB Oil Fund | -0.33 | -0.09 | 0.03 | 58 | Oil & Gas | PEZ vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.04 | 0.08 | 67 | Commodities | PEZ vs GSG |
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