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
1587 ETFs have low correlation with PFIX (below 0.3), 1493 of which are negatively correlated. The least correlated is Invesco Total Return Bond ETF (GTO) (Intermediate Core-Plus Bond) with a 1Y correlation of -0.73, roughly unchanged from -0.77 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Total Return Bond ETF | -0.73 | -0.82 | -0.77 | 53 | Intermediate Core-Plus Bond | PFIX vs GTO | |
| JPMorgan BetaBuilders USD Investment Grade Corpora... | -0.72 | -0.80 | -0.76 | 56 | Corporate Bonds | PFIX vs BBCB | |
| Neos Enhanced Income Aggregate Bond ETF | -0.70 | -0.79 | -0.76 | 50 | Intermediate Core-Plus Bond | PFIX vs BNDI | |
| iShares USD Green Bond ETF | -0.67 | -0.76 | -0.71 | 50 | Global Bonds | PFIX vs BGRN | |
| iShares Yield Optimized Bond ETF | -0.66 | -0.72 | -0.65 | 55 | Intermediate Core-Plus Bond | PFIX vs BYLD |
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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 -0.25, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | -0.25 | -0.25 | -0.20 | 78 | Financial Services | |
| AstraZeneca PLC | -0.25 | -0.18 | -0.10 | 70 | Healthcare | |
| Lam Research Corporation | -0.20 | -0.08 | -0.05 | 98 | Technology | |
| Telefonaktiebolaget LM Ericsson (publ) | -0.19 | -0.15 | -0.09 | 85 | Technology | |
| Caterpillar Inc. | -0.19 | -0.08 | -0.02 | 98 | Industrials |
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