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
234 ETFs have low correlation with PINK (below 0.3), 38 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.18 | — | 71 | Oil & Gas | PINK vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.17 | — | 65 | Oil & Gas | PINK vs BNO | |
| Invesco DB Oil Fund | -0.33 | -0.17 | — | 65 | Oil & Gas | PINK vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.12 | — | 72 | Commodities | PINK vs GSG | |
| iShares Commodities Select Strategy ETF | -0.28 | -0.12 | — | 72 | Commodities | PINK vs COMT |
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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 -0.03, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antero Midstream Corporation | -0.03 | 0.16 | 0.29 | 64 | Energy |
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