Looking to diversify beyond PFIX? The ETFs below have historically moved differently from PFIX, 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 PFIX
1720 ETFs have low correlation with PFIX (below 0.3), 1609 of which are negatively correlated. The least correlated is Hartford Strategic Income ETF (HFSI) (Multisector Bonds) with a 1Y correlation of -0.64, roughly unchanged from -0.73 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hartford Strategic Income ETF | -0.64 | -0.73 | — | 59 | Multisector Bonds | PFIX vs HFSI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.62 | — | — | 58 | Multisector Bonds | PFIX vs AGGA | |
| JPMorgan USD Emerging Markets Sovereign Bond ETF | -0.61 | -0.68 | -0.58 | 52 | Emerging Markets Bonds | PFIX vs JPMB | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.60 | -0.73 | — | 67 | Multisector Bonds | PFIX vs PYLD | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.59 | -0.67 | -0.57 | 53 | Emerging Markets Bonds | PFIX vs EMB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFIX, 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 BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of -0.26, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | -0.26 | -0.17 | -0.14 | 95 | Financial Services | |
| Honeywell International Inc | -0.25 | -0.18 | -0.12 | 60 | Industrials | |
| AstraZeneca PLC | -0.23 | -0.19 | -0.11 | 66 | Healthcare | |
| Lam Research Corporation | -0.23 | -0.09 | -0.07 | 96 | Technology | |
| Caterpillar Inc. | -0.22 | -0.09 | -0.04 | 92 | Industrials |
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