Looking to diversify beyond PINK? The ETFs below have historically moved differently from PINK, 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 PINK
267 ETFs have low correlation with PINK (below 0.3), 47 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.37, down from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.21 | — | 72 | Oil & Gas | PINK vs DBE | |
| United States Brent Oil Fund LP | -0.35 | -0.20 | — | 52 | Oil & Gas | PINK vs BNO | |
| Invesco DB Oil Fund | -0.33 | -0.18 | — | 58 | Oil & Gas | PINK vs DBO | |
| ProShares Short Bitcoin ETF | -0.31 | -0.25 | — | 61 | Cryptocurrency | PINK vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.30 | -0.14 | -0.01 | 67 | Commodities | PINK vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PINK, 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 Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.04, down from 0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.04 | 0.15 | — | 78 | Energy |
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