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
161 ETFs have low correlation with PIO (below 0.3), 32 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.37, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.37 | -0.10 | 0.01 | 55 | Oil & Gas | PIO vs UGA | |
| ProShares UltraShort Yen | -0.32 | -0.17 | -0.15 | 63 | Leveraged Currency | PIO vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | PIO vs IBIC | |
| VanEck Commodity Strategy ETF | -0.18 | -0.00 | 0.04 | 57 | Commodities | PIO vs PIT | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.16 | 0.07 | 0.07 | 95 | Inflation-Protected Bonds | PIO vs IBID |
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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 0.44, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Compass, Inc. | 0.44 | 0.44 | 0.45 | 68 | Technology | |
| General Motors Company | 0.49 | 0.47 | 0.52 | 87 | Consumer Cyclical |
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