Looking to diversify beyond PHEQ? The ETFs below have the lowest correlation with PHEQ — 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 PHEQ.
Best Diversifiers for PHEQ
300 ETFs have low correlation with PHEQ (below 0.3), 81 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.05 | -0.05 | 71 | Oil & Gas | PHEQ vs DBE | |
| United States Oil Fund LP | -0.26 | — | — | 66 | Oil & Gas | PHEQ vs USO | |
| United States Brent Oil Fund LP | -0.25 | -0.03 | -0.03 | 65 | Oil & Gas | PHEQ vs BNO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.07 | -0.07 | 98 | Inflation-Protected Bonds | PHEQ vs IBIC | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | — | — | 56 | Derivative Income | PHEQ vs USOY |
See all 1710 diversifiers for PHEQ
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PHEQ
Add PHEQ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PHEQ