Looking to diversify beyond PFI? The ETFs below have historically moved differently from PFI, 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 PFI
200 ETFs have low correlation with PFI (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.36 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 | -0.36 | — | 51 | Cryptocurrency | PFI vs BITI | |
| Invesco DB Energy Fund | -0.31 | -0.11 | 0.06 | 66 | Oil & Gas | PFI vs DBE | |
| Invesco DB Oil Fund | -0.28 | -0.08 | 0.07 | 51 | Oil & Gas | PFI vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.04 | 0.11 | 61 | Commodities | PFI vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.22 | -0.04 | 0.10 | 56 | Commodities | PFI vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFI, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.12 | 0.06 | 0.21 | 87 | Consumer Defensive |
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