Looking to diversify beyond PFIX? The ETFs below have the lowest correlation with PFIX — 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 PFIX.
Best Diversifiers for PFIX
1451 ETFs have low correlation with PFIX (below 0.3), 1395 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Astoria Dynamic Core US Fixed Income ETF | -0.63 | — | — | 67 | Multisector Bonds | PFIX vs AGGA | |
| Invesco Emerging Markets Sovereign Debt ETF | -0.63 | -0.67 | -0.57 | 58 | Emerging Markets Bonds | PFIX vs PCY | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.62 | -0.65 | — | 57 | Corporate Bonds | PFIX vs LQDW | |
| Vanguard Emerging Markets Government Bond ETF | -0.62 | -0.68 | -0.58 | 58 | Emerging Markets Bonds | PFIX vs VWOB | |
| JPMorgan USD Emerging Markets Sovereign Bond ETF | -0.62 | -0.68 | -0.58 | 62 | Emerging Markets Bonds | PFIX vs JPMB |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFIX and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of -0.27, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | -0.27 | -0.26 | -0.21 | 79 | Financial Services | |
| AstraZeneca PLC | -0.23 | -0.18 | -0.10 | 76 | Healthcare | |
| Honeywell International Inc | -0.22 | -0.17 | -0.11 | 50 | Industrials | |
| Caterpillar Inc. | -0.22 | -0.09 | -0.03 | 98 | Industrials | |
| Lam Research Corporation | -0.20 | -0.08 | -0.06 | 98 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PFIX
Add PFIX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PFIX