Looking to diversify beyond PFM? The ETFs below have the lowest correlation with PFM — 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 PFM.
Best Diversifiers for PFM
232 ETFs have low correlation with PFM (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.28 | — | 53 | Cryptocurrency | PFM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 65 | Inverse Equities, Leveraged Equities | PFM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 70 | Derivative Income | PFM vs WNTR | |
| Invesco DB Energy Fund | -0.23 | -0.07 | 0.09 | 57 | Oil & Gas | PFM vs DBE | |
| ProShares UltraShort Yen | -0.22 | -0.08 | -0.06 | 72 | Leveraged Currency | PFM vs YCS |
See all 1575 diversifiers for PFM
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