Looking to diversify beyond PJP? The ETFs below have the lowest correlation with PJP — 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 PJP.
Best Diversifiers for PJP
540 ETFs have low correlation with PJP (below 0.3), 68 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.29 | -0.12 | -0.03 | 65 | Oil & Gas | PJP vs BNO | |
| United States Oil Fund LP | -0.29 | -0.12 | -0.02 | 66 | Oil & Gas | PJP vs USO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.11 | -0.01 | 55 | Oil & Gas | PJP vs OILK | |
| Invesco DB Oil Fund | -0.29 | -0.12 | -0.02 | 65 | Oil & Gas | PJP vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.28 | -0.11 | -0.02 | 54 | Leveraged Commodities | PJP vs UCO |
See all 1592 diversifiers for PJP
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Diversification Analysis
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