Looking to diversify beyond PFLD? The ETFs below have historically moved differently from PFLD, 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 PFLD
549 ETFs have low correlation with PFLD (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, down from -0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.22 | — | 51 | Cryptocurrency | PFLD vs BITI | |
| Invesco DB Energy Fund | -0.22 | -0.10 | 0.02 | 66 | Oil & Gas | PFLD vs DBE | |
| Invesco DB Oil Fund | -0.18 | -0.08 | 0.03 | 51 | Oil & Gas | PFLD vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | -0.06 | 0.04 | 61 | Commodities | PFLD vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.16 | -0.06 | 0.04 | 56 | Commodities | PFLD vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFLD, 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 Alliance Resource Partners, L.P. (ARLP) (Energy) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alliance Resource Partners, L.P. | -0.06 | 0.08 | 0.12 | 54 | Energy | |
| Energy Transfer LP | 0.02 | 0.16 | 0.22 | 82 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.03 | 0.04 | — | 86 | Financial Services | |
| TORM plc | 0.04 | 0.07 | 0.07 | 89 | Energy | |
| International Seaways, Inc. | 0.04 | 0.06 | 0.06 | 98 | Industrials |
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