Looking to diversify beyond PINK? The ETFs below have the lowest correlation with PINK — 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 PINK.
Best Diversifiers for PINK
248 ETFs have low correlation with PINK (below 0.3), 36 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 -0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.37 | -0.20 | — | 53 | Oil & Gas | PINK vs DBE | |
| ProShares Short Bitcoin ETF | -0.30 | -0.25 | -0.27 | 57 | Cryptocurrency | PINK vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.14 | — | 51 | Commodities | PINK vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.28 | -0.12 | 0.00 | 54 | Commodities | PINK vs DBC | |
| DoubleLine Commodity Strategy ETF | -0.28 | -0.12 | -0.12 | 51 | Commodities | PINK vs DCMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PINK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PINK and solid risk/return profiles. The least correlated is Antero Midstream Corporation (AM) (Energy) with a 1Y correlation of -0.00, down from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.00 | 0.16 | — | 85 | Energy |
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