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
1550 ETFs have low correlation with PFIX (below 0.3), 1463 of which are negatively correlated. The least correlated is Neos Enhanced Income Aggregate Bond ETF (BNDI) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.67, up from -0.79 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Neos Enhanced Income Aggregate Bond ETF | -0.67 | -0.79 | — | 51 | Intermediate Core-Plus Bond | PFIX vs BNDI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.63 | — | — | 70 | 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 Yield Optimized Bond ETF | -0.62 | -0.72 | -0.65 | 53 | Intermediate Core-Plus Bond | PFIX vs BYLD | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.62 | -0.72 | — | 70 | Multisector Bonds | PFIX vs PYLD |
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 BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of -0.26, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | -0.26 | -0.17 | -0.14 | 94 | Financial Services | |
| Reaves Utility Income Trust | -0.25 | -0.26 | -0.21 | 74 | Financial Services | |
| Cohen & Steers Quality Income Realty Fund, Inc. | -0.23 | -0.33 | -0.25 | 61 | Financial Services | |
| AstraZeneca PLC | -0.22 | -0.19 | -0.10 | 70 | Healthcare | |
| Abrdn Total Dynamic Dividend Fund | -0.21 | -0.18 | -0.13 | 87 | Financial Services |
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