Looking to diversify beyond PFLD? The ETFs below have the lowest correlation with PFLD — 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 PFLD.
Best Diversifiers for PFLD
944 ETFs have low correlation with PFLD (below 0.3), 43 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.22 | -0.07 | 0.02 | 65 | Oil & Gas | PFLD vs BNO | |
| Invesco DB Energy Fund | -0.21 | -0.08 | 0.03 | 71 | Oil & Gas | PFLD vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | -0.04 | 0.05 | 71 | Commodities | PFLD vs GSG | |
| Invesco DB Oil Fund | -0.17 | -0.06 | 0.04 | 65 | Oil & Gas | PFLD vs DBO | |
| iShares Commodities Select Strategy ETF | -0.16 | -0.04 | 0.05 | 71 | Commodities | PFLD vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFLD and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.01 | 0.18 | 0.23 | 69 | Energy | |
| Eagle Point Credit Company Inc. | 0.01 | 0.10 | — | 81 | Financial Services | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.03 | 0.04 | — | 88 | Financial Services | |
| TORM plc | 0.07 | 0.07 | 0.08 | 88 | Energy | |
| International Seaways, Inc. | 0.10 | 0.07 | 0.07 | 95 | Energy |
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Build a portfolio that complements PFLD
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