Looking to diversify beyond PIO? The ETFs below have the lowest correlation with PIO — 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 PIO.
Best Diversifiers for PIO
223 ETFs have low correlation with PIO (below 0.3), 62 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.11 | 0.02 | 71 | Oil & Gas | PIO vs DBE | |
| United States Oil Fund LP | -0.37 | -0.11 | 0.01 | 66 | Oil & Gas | PIO vs USO | |
| United States Brent Oil Fund LP | -0.36 | -0.11 | 0.01 | 65 | Oil & Gas | PIO vs BNO | |
| Invesco DB Oil Fund | -0.35 | -0.10 | 0.03 | 65 | Oil & Gas | PIO vs DBO | |
| United States 12 Month Oil Fund LP | -0.34 | -0.08 | 0.03 | 56 | Oil & Gas | PIO vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PIO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PIO and solid risk/return profiles. The least correlated is Compass, Inc. (COMP) (Technology) with a 1Y correlation of 0.42, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Compass, Inc. | 0.42 | 0.43 | 0.44 | 54 | Technology | |
| General Motors Company | 0.49 | 0.48 | 0.51 | 87 | Consumer Cyclical |
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