Looking to diversify beyond PFM? The ETFs below have historically moved differently from PFM, 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 PFM
240 ETFs have low correlation with PFM (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, roughly unchanged from -0.28 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 | -0.28 | — | 51 | Cryptocurrency | PFM vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 69 | Derivative Income | PFM vs WNTR | |
| Invesco DB Energy Fund | -0.29 | -0.09 | 0.07 | 66 | Oil & Gas | PFM vs DBE | |
| United States Gasoline Fund, LP | -0.25 | -0.07 | 0.07 | 83 | Oil & Gas | PFM vs UGA | |
| Invesco DB Oil Fund | -0.23 | -0.07 | 0.08 | 51 | Oil & Gas | PFM vs DBO |
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