Looking to diversify beyond PIZ? The ETFs below have the lowest correlation with PIZ — 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 PIZ.
Best Diversifiers for PIZ
261 ETFs have low correlation with PIZ (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.21 | -0.19 | 61 | Leveraged Currency | PIZ vs YCS | |
| Invesco DB Energy Fund | -0.33 | -0.09 | 0.07 | 71 | Oil & Gas | PIZ vs DBE | |
| United States Oil Fund LP | -0.33 | -0.08 | 0.07 | 66 | Oil & Gas | PIZ vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.08 | 0.06 | 65 | Oil & Gas | PIZ vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.13 | -0.13 | 56 | Derivative Income | PIZ vs USOY |
See all 1593 diversifiers for PIZ
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Diversification Analysis
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