Looking to diversify beyond PFRL? The ETFs below have the lowest correlation with PFRL — 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 PFRL.
Best Diversifiers for PFRL
779 ETFs have low correlation with PFRL (below 0.3), 87 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | — | — | 68 | Inverse Equities, Leveraged Equities | PFRL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.26 | -0.20 | -0.21 | 57 | Cryptocurrency | PFRL vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 70 | Derivative Income | PFRL vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.28 | -0.28 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PFRL vs SBIT | |
| Invesco DB Energy Fund | -0.15 | 0.01 | 0.09 | 53 | Oil & Gas | PFRL vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFRL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFRL and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.14, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.14 | 0.18 | 0.25 | 74 | Financial Services | |
| BlackRock Science and Technology Term Trust | 0.26 | 0.32 | — | 93 | Financial Services | |
| AGNC Investment Corp. | 0.28 | 0.32 | 0.33 | 83 | Real Estate |
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