Looking to diversify beyond PIE? The ETFs below have the lowest correlation with PIE — 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 PIE.
Best Diversifiers for PIE
325 ETFs have low correlation with PIE (below 0.3), 61 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.03 | 0.07 | 66 | Oil & Gas | PIE vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.02 | 0.07 | 65 | Oil & Gas | PIE vs BNO | |
| Invesco DB Energy Fund | -0.30 | -0.02 | 0.08 | 71 | Oil & Gas | PIE vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | — | — | 56 | Derivative Income | PIE vs USOY | |
| Invesco DB Oil Fund | -0.26 | -0.00 | 0.09 | 65 | Oil & Gas | PIE vs DBO |
See all 1593 diversifiers for PIE
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