Looking to diversify beyond PFXF? The ETFs below have historically moved differently from PFXF, 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 PFXF
275 ETFs have low correlation with PFXF (below 0.3), 65 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.52 | — | — | 69 | Derivative Income | PFXF vs WNTR | |
| ProShares Short Bitcoin ETF | -0.50 | -0.34 | — | 51 | Cryptocurrency | PFXF vs BITI | |
| Invesco DB Energy Fund | -0.21 | -0.07 | 0.05 | 66 | Oil & Gas | PFXF vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.21 | -0.25 | -0.20 | 51 | Nontraditional Bonds | PFXF vs RISR | |
| Invesco DB Oil Fund | -0.18 | -0.05 | 0.05 | 51 | Oil & Gas | PFXF vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PFXF, 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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.08, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.08 | 0.15 | 0.26 | 89 | Energy | |
| Energy Transfer LP | -0.05 | 0.19 | 0.29 | 82 | Energy | |
| Verizon Communications Inc. | -0.04 | 0.11 | 0.19 | 66 | Communication Services | |
| Black Stone Minerals, L.P. | -0.01 | 0.14 | 0.22 | 81 | Energy | |
| Realty Income Corporation | 0.03 | 0.19 | 0.32 | 74 | Real Estate |
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