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
225 ETFs have low correlation with PFFD (below 0.3), 51 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | -0.05 | 0.03 | 66 | Oil & Gas | PFFD vs USO | |
| Invesco DB Energy Fund | -0.26 | -0.05 | 0.03 | 71 | Oil & Gas | PFFD vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.04 | 0.03 | 65 | Oil & Gas | PFFD vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | PFFD vs USOY | |
| Invesco DB Oil Fund | -0.23 | -0.03 | 0.04 | 65 | Oil & Gas | PFFD vs DBO |
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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 0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.10 | 0.17 | 0.21 | 63 | Consumer Defensive | |
| W. P. Carey Inc. | 0.13 | 0.30 | 0.33 | 79 | Real Estate | |
| Target Corporation | 0.32 | 0.31 | 0.37 | 71 | Consumer Defensive | |
| Citigroup Inc. | 0.41 | 0.42 | 0.42 | 91 | Financial Services | |
| Annaly Capital Management, Inc. | 0.48 | 0.54 | 0.51 | 76 | Real Estate |
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