Looking to diversify beyond PJUN? The ETFs below have historically moved differently from PJUN, 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 PJUN
226 ETFs have low correlation with PJUN (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | — | 61 | Cryptocurrency | PJUN vs BITI | |
| Alpha Architect Tail Risk ETF | -0.34 | -0.07 | — | 56 | Options Trading | PJUN vs CAOS | |
| Invesco DB Energy Fund | -0.25 | -0.09 | 0.06 | 72 | Oil & Gas | PJUN vs DBE | |
| United States Brent Oil Fund LP | -0.22 | -0.07 | 0.05 | 52 | Oil & Gas | PJUN vs BNO | |
| Invesco DB Oil Fund | -0.21 | -0.06 | 0.07 | 58 | Oil & Gas | PJUN vs DBO |
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