Looking to diversify beyond PICB? The ETFs below have historically moved differently from PICB, 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 PICB
215 ETFs have low correlation with PICB (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.19 | -0.03 | 66 | Oil & Gas | PICB vs DBE | |
| Invesco DB Oil Fund | -0.36 | -0.17 | -0.02 | 51 | Oil & Gas | PICB vs DBO | |
| TCW AAA CLO ETF | -0.29 | — | — | 99 | CLO | PICB vs ACLO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.09 | 0.05 | 61 | Commodities | PICB vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.28 | -0.09 | 0.05 | 56 | Commodities | PICB vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PICB, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.10, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.10 | 0.11 | 0.22 | 61 | Technology | |
| Apple Inc | 0.23 | 0.21 | 0.27 | 90 | Technology |
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