Looking to diversify beyond PICB? The ETFs below have the lowest correlation with PICB — 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 PICB.
Best Diversifiers for PICB
160 ETFs have low correlation with PICB (below 0.3), 20 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TCW AAA CLO ETF | -0.29 | — | — | 99 | CLO | PICB vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.22 | — | — | 99 | Ultrashort Bond | PICB vs CSHP | |
| Fidelity Managed Futures ETF | -0.21 | — | — | 64 | Systematic Trend | PICB vs FFUT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | PICB vs IBIC | |
| First Trust Alternative Absolute Return Strategy E... | -0.17 | -0.06 | -0.00 | 70 | Commodities | PICB vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PICB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PICB and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.06 | 0.11 | 0.20 | 76 | Technology | |
| Apple Inc | 0.24 | 0.19 | 0.24 | 88 | Technology |
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