Looking to diversify beyond PGF? The ETFs below have historically moved differently from PGF, 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 PGF
257 ETFs have low correlation with PGF (below 0.3), 75 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, down from -0.23 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.23 | — | 51 | Cryptocurrency | PGF vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 69 | Derivative Income | PGF vs WNTR | |
| ProShares UltraShort Yen | -0.30 | -0.26 | -0.23 | 59 | Leveraged Currency | PGF vs YCS | |
| Invesco DB Energy Fund | -0.30 | -0.10 | 0.02 | 66 | Oil & Gas | PGF vs DBE | |
| Invesco DB Oil Fund | -0.27 | -0.07 | 0.04 | 51 | Oil & Gas | PGF 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 PGF, 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 Cencora Inc. (COR) (Healthcare) with a 1Y correlation of -0.00, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cencora Inc. | -0.00 | 0.04 | 0.11 | 50 | Healthcare | |
| Philip Morris International Inc. | 0.05 | 0.20 | 0.24 | 64 | Consumer Defensive | |
| Biogen Inc. | 0.14 | 0.23 | 0.27 | 85 | Healthcare | |
| Nestlé S.A. | 0.18 | 0.20 | 0.26 | 68 | Consumer Defensive | |
| Regeneron Pharmaceuticals, Inc. | 0.19 | 0.23 | 0.24 | 74 | Healthcare |
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