Looking to balance out your exposure to PFLT? The ETFs below have the lowest correlation with PFLT — they tend to move on their own, which can help reduce risk when PFLT drops. The stock ideas table highlights individual companies that behave independently from PFLT.
Best Diversifiers for PFLT
4 ETFs have low correlation with PFLT (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | 0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | PFLT vs BIL | |
| YieldMax AMD Option Income Strategy ETF | 0.11 | — | — | 91 | Derivative Income, Options Trading | PFLT vs AMDY | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.29 | 0.29 | — | 64 | Nasdaq-100, Derivative Income | PFLT vs JEPQ | |
| Vanguard Information Technology ETF | 0.30 | 0.29 | 0.35 | 58 | Technology Equities | PFLT vs VGT | |
| Global X NASDAQ 100 Covered Call ETF | 0.31 | 0.30 | 0.37 | 85 | Nasdaq-100, Derivative Income | PFLT vs QYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFLT and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of 0.06, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | 0.06 | 0.14 | 0.23 | 91 | Energy | |
| Energy Transfer LP | 0.10 | 0.22 | 0.32 | 70 | Energy | |
| CareTrust REIT, Inc. | 0.10 | 0.20 | 0.27 | 79 | Real Estate | |
| W. P. Carey Inc. | 0.11 | 0.27 | 0.31 | 74 | Real Estate | |
| Kodiak Gas Services Inc. | 0.12 | — | — | 96 | Energy |
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