Looking to diversify beyond PFXF? The ETFs below have the lowest correlation with PFXF — 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 PFXF.
Best Diversifiers for PFXF
268 ETFs have low correlation with PFXF (below 0.3), 47 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.23 | -0.06 | 0.05 | 66 | Oil & Gas | PFXF vs USO | |
| Invesco DB Energy Fund | -0.23 | -0.05 | 0.06 | 71 | Oil & Gas | PFXF vs DBE | |
| United States Brent Oil Fund LP | -0.22 | -0.05 | 0.05 | 65 | Oil & Gas | PFXF vs BNO | |
| Invesco DB Oil Fund | -0.20 | -0.04 | 0.06 | 65 | Oil & Gas | PFXF vs DBO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.19 | -0.02 | 0.07 | 55 | Oil & Gas | PFXF vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PFXF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PFXF and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.00, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.00 | 0.23 | 0.31 | 74 | Energy | |
| Black Stone Minerals, L.P. | 0.03 | 0.18 | 0.24 | 56 | Energy | |
| Verizon Communications Inc. | 0.03 | 0.14 | 0.20 | 56 | Communication Services | |
| Enterprise Products Partners L.P. | 0.07 | 0.22 | 0.31 | 88 | Energy | |
| NVIDIA Corporation | 0.27 | 0.24 | 0.39 | 80 | Technology |
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