Looking to balance out your exposure to PFIS? The ETFs below have the lowest correlation with PFIS — they tend to move on their own, which can help reduce risk when PFIS drops. The stock ideas table highlights individual companies that behave independently from PFIS.
Best Diversifiers for PFIS
2 ETFs have low correlation with PFIS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.10, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.10 | 0.24 | 0.30 | 59 | Nasdaq-100 | PFIS vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.34 | 0.39 | 63 | S&P 500 | PFIS vs SPY |
Diversification Analysis
Build a portfolio that complements PFIS
Add PFIS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PFIS