Looking to diversify beyond PIE? The ETFs below have historically moved differently from PIE, 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 PIE
422 ETFs have low correlation with PIE (below 0.3), 81 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, down from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.27 | — | 51 | Cryptocurrency | PIE vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | — | — | 69 | Derivative Income | PIE vs WNTR | |
| Invesco DB Energy Fund | -0.24 | -0.04 | 0.08 | 66 | Oil & Gas | PIE vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | 0.01 | 0.01 | 98 | Inflation-Protected Bonds | PIE vs IBIC | |
| Invesco DB Oil Fund | -0.19 | -0.02 | 0.09 | 51 | Oil & Gas | PIE vs DBO |
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