Looking to diversify beyond PIPE? The ETFs below have historically moved differently from PIPE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PIPE
1211 ETFs have low correlation with PIPE (below 0.3), 739 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.21 | — | — | 99 | Ultrashort Bond | PIPE vs BKUI | |
| Eaton Vance Intermediate Municipal Income ETF | -0.21 | — | — | 69 | Municipal Bonds | PIPE vs EVIM | |
| Franklin Short Duration U.S. Government ETF | -0.21 | — | — | 95 | Mortgage Backed Securities | PIPE vs FTSD | |
| First Trust California Municipal High Income ETF | -0.19 | -0.12 | -0.12 | 68 | Municipal Bonds | PIPE vs FCAL | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.19 | — | — | 57 | Municipal Bonds | PIPE vs BSMW |
See all 1314 diversifiers for PIPE
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