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
349 ETFs have low correlation with PIE (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, down from -0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.26 | — | 53 | Cryptocurrency | PIE vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 65 | Inverse Equities, Leveraged Equities | PIE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 70 | Derivative Income | PIE vs WNTR | |
| Invesco DB Energy Fund | -0.22 | -0.03 | 0.09 | 57 | Oil & Gas | PIE vs DBE | |
| ProShares UltraShort Yen | -0.18 | -0.16 | -0.14 | 72 | Leveraged Currency | PIE vs YCS |
See all 1564 diversifiers for PIE
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