Looking to diversify beyond PHYD? The ETFs below have the lowest correlation with PHYD — 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 PHYD.
Best Diversifiers for PHYD
152 ETFs have low correlation with PHYD (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.28 | -0.27 | 57 | Cryptocurrency | PHYD vs BITI | |
| Invesco DB Energy Fund | -0.30 | -0.07 | -0.02 | 53 | Oil & Gas | PHYD vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.24 | -0.01 | 0.03 | 51 | Commodities | PHYD vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.21 | -0.04 | -0.04 | 51 | Commodities | PHYD vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.19 | 0.01 | 0.06 | 54 | Commodities | PHYD vs DBC |
See all 1148 diversifiers for PHYD
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