Looking to diversify beyond PFRL? The ETFs below have historically moved differently from PFRL, 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 PFRL
945 ETFs have low correlation with PFRL (below 0.3), 117 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 61 | Inverse Equities, Leveraged Equities | PFRL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.24 | -0.20 | — | 61 | Cryptocurrency | PFRL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | — | — | 75 | Derivative Income | PFRL vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PFRL vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.23 | -0.10 | — | 56 | Options Trading | PFRL vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFRL, 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 Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.11, roughly unchanged from 0.18 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.11 | 0.18 | — | 55 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.13 | 0.13 | — | 57 | Technology | |
| BlackRock Science and Technology Term Trust | 0.25 | 0.31 | — | 87 | Financial Services | |
| AGNC Investment Corp. | 0.26 | 0.29 | — | 79 | Real Estate |
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