Looking to diversify beyond PFFD? The ETFs below have the lowest correlation with PFFD — 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 PFFD.
Best Diversifiers for PFFD
207 ETFs have low correlation with PFFD (below 0.3), 58 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | — | — | 70 | Inverse Equities, Leveraged Equities | PFFD vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.27 | — | 52 | Cryptocurrency | PFFD vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 73 | Derivative Income | PFFD vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.02 | 57 | Oil & Gas | PFFD vs DBE | |
| United States Gasoline Fund LP | -0.20 | -0.06 | 0.02 | 84 | Oil & Gas | PFFD vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFFD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFFD and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.05, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.05 | 0.15 | 0.20 | 69 | Consumer Defensive | |
| W. P. Carey Inc. | 0.09 | 0.28 | 0.32 | 85 | Real Estate | |
| Royalty Pharma plc | 0.09 | 0.17 | 0.23 | 97 | Healthcare | |
| Realty Income Corporation | 0.10 | 0.27 | 0.34 | 78 | Real Estate | |
| Target Corporation | 0.26 | 0.29 | 0.36 | 80 | Consumer Defensive |
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