Looking to diversify beyond PJUL? The ETFs below have the lowest correlation with PJUL — 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 PJUL.
Best Diversifiers for PJUL
299 ETFs have low correlation with PJUL (below 0.3), 75 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.29 | -0.08 | 0.06 | 66 | Oil & Gas | PJUL vs USO | |
| Invesco DB Energy Fund | -0.29 | -0.09 | 0.07 | 71 | Oil & Gas | PJUL vs DBE | |
| United States Brent Oil Fund LP | -0.28 | -0.07 | 0.06 | 65 | Oil & Gas | PJUL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | — | — | 56 | Derivative Income | PJUL vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.04 | 0.08 | 56 | Oil & Gas | PJUL vs OILK |
See all 1741 diversifiers for PJUL
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