Looking to diversify beyond PIFI? The ETFs below have historically moved differently from PIFI, 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 PIFI
807 ETFs have low correlation with PIFI (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.40 | -0.24 | -0.15 | 58 | Oil & Gas | PIFI vs DBO | |
| United States Brent Oil Fund LP | -0.40 | -0.24 | -0.15 | 52 | Oil & Gas | PIFI vs BNO | |
| Invesco DB Energy Fund | -0.39 | -0.25 | -0.15 | 72 | Oil & Gas | PIFI vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.37 | -0.20 | -0.11 | 67 | Commodities | PIFI vs GSG | |
| Fidelity Managed Futures ETF | -0.37 | — | — | 88 | Systematic Trend, Actively Managed | PIFI vs FFUT |
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