Looking to diversify beyond PIPE? The ETFs below have the lowest correlation with PIPE — 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 PIPE.
Best Diversifiers for PIPE
1072 ETFs have low correlation with PIPE (below 0.3), 641 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.20 | — | — | 99 | Ultrashort Bond | PIPE vs BKUI | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.20 | — | — | 76 | Municipal Bonds | PIPE vs BSMY | |
| Franklin Short Duration U.S. Government ETF | -0.19 | — | — | 96 | Mortgage Backed Securities | PIPE vs FTSD | |
| Eaton Vance Intermediate Municipal Income ETF | -0.18 | — | — | 79 | Municipal Bonds | PIPE vs EVIM | |
| Fidelity Municipal Bond Opportunities ETF | -0.17 | -0.09 | -0.09 | 85 | Municipal Bonds | PIPE vs FMUB |
See all 1141 diversifiers for PIPE
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Diversification Analysis
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