Looking to diversify beyond PFEB? The ETFs below have historically moved differently from PFEB, 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 PFEB
198 ETFs have low correlation with PFEB (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.46, down from -0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.46 | -0.34 | -0.36 | 61 | Cryptocurrency | PFEB vs BITI | |
| Alpha Architect Tail Risk ETF | -0.35 | -0.04 | — | 56 | Options Trading | PFEB vs CAOS | |
| Invesco DB Energy Fund | -0.29 | -0.10 | 0.03 | 72 | Oil & Gas | PFEB vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.09 | 0.02 | 52 | Oil & Gas | PFEB vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.08 | 0.03 | 58 | Oil & Gas | PFEB vs DBO |
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