Looking to diversify beyond PFFL? The ETFs below have historically moved differently from PFFL, 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 PFFL
254 ETFs have low correlation with PFFL (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, down from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.21 | — | 61 | Cryptocurrency | PFFL vs BITI | |
| Alpha Architect Tail Risk ETF | -0.24 | -0.04 | — | 56 | Options Trading | PFFL vs CAOS | |
| Invesco DB Energy Fund | -0.22 | -0.04 | 0.05 | 72 | Oil & Gas | PFFL vs DBE | |
| United States Brent Oil Fund LP | -0.19 | -0.02 | 0.06 | 52 | Oil & Gas | PFFL vs BNO | |
| Invesco DB Oil Fund | -0.16 | -0.02 | 0.07 | 58 | Oil & Gas | PFFL vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFFL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Innovative Industrial Properties, Inc. (IIPR) (Real Estate) with a 1Y correlation of 0.30, roughly unchanged from 0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Innovative Industrial Properties, Inc. | 0.30 | 0.32 | 0.40 | 71 | Real Estate |
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