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
246 ETFs have low correlation with PFXF (below 0.3), 40 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 | -0.53 | — | — | 65 | Inverse Equities, Leveraged Equities | PFXF vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.50 | — | — | 70 | Derivative Income | PFXF vs WNTR | |
| ProShares Short Bitcoin ETF | -0.48 | -0.33 | -0.32 | 53 | Cryptocurrency | PFXF vs BITI | |
| Invesco DB Energy Fund | -0.18 | -0.06 | 0.06 | 57 | Oil & Gas | PFXF vs DBE | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PFXF vs USFR |
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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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.06, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.06 | 0.11 | 0.18 | 57 | Communication Services | |
| Enterprise Products Partners L.P. | -0.02 | 0.19 | 0.29 | 85 | Energy | |
| Energy Transfer LP | -0.02 | 0.21 | 0.30 | 83 | Energy | |
| Black Stone Minerals, L.P. | -0.02 | 0.15 | 0.23 | 70 | Energy | |
| Realty Income Corporation | 0.07 | 0.26 | 0.37 | 69 | Real Estate |
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