Looking to balance out your exposure to PGZ? The ETFs below have the lowest correlation with PGZ — they tend to move on their own, which can help reduce risk when PGZ drops. The stock ideas table highlights individual companies that behave independently from PGZ.
Best Diversifiers for PGZ
11 ETFs have low correlation with PGZ (below 0.3), 1 of which are negatively correlated. The least correlated is United States Commodity Index Fund (USCI) (Commodities) with a 1Y correlation of -0.08, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Commodity Index Fund | -0.08 | 0.03 | 0.09 | 72 | Commodities | PGZ vs USCI | |
| Barclays ETN+ Select MLP ETN | 0.04 | 0.25 | 0.32 | 65 | MLPs | PGZ vs ATMP | |
| Janus Henderson AAA CLO ETF | 0.12 | 0.11 | 0.08 | 99 | CLO | PGZ vs JAAA | |
| First Trust Senior Loan Fund | 0.17 | 0.25 | 0.30 | 64 | High Yield Bonds | PGZ vs FTSL | |
| State Street Blackstone Senior Loan ETF | 0.19 | 0.29 | 0.33 | 53 | Bank Loan, High Yield Bonds | PGZ vs SRLN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PGZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PGZ and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.22, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.22 | 0.36 | 0.42 | 70 | Financial Services | |
| Spire Inc. | 0.23 | 0.30 | 0.31 | 60 | Utilities | |
| PIMCO Dynamic Income Opportunities Fund | 0.27 | 0.35 | 0.35 | 70 | Financial Services | |
| AGNC Investment Corp. | 0.33 | 0.45 | 0.43 | 87 | Real Estate | |
| Cohen & Steers Quality Income Realty Fund, Inc. | 0.56 | 0.64 | 0.59 | 62 | Financial Services |
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