Looking to diversify beyond PKB? The ETFs below have historically moved differently from PKB, 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 PKB
290 ETFs have low correlation with PKB (below 0.3), 89 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.12 | 0.03 | 72 | Oil & Gas | PKB vs DBE | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.32 | — | — | 98 | Inflation-Protected Bonds | PKB vs RBIL | |
| ProShares Short Bitcoin ETF | -0.31 | -0.30 | — | 61 | Cryptocurrency | PKB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PKB vs SBIT | |
| United States Oil Fund LP | -0.29 | -0.10 | 0.03 | 55 | Oil & Gas | PKB vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PKB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CACI International Inc (CACI) (Technology) with a 1Y correlation of 0.14, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CACI International Inc | 0.14 | 0.30 | 0.34 | 51 | Technology | |
| AST SpaceMobile, Inc. | 0.32 | 0.31 | 0.34 | 52 | Technology | |
| Rocket Lab USA, Inc. | 0.34 | 0.41 | 0.44 | 62 | Industrials | |
| Tutor Perini Corporation | 0.64 | 0.61 | 0.58 | 83 | Industrials | |
| Toll Brothers, Inc. | 0.65 | 0.75 | 0.80 | 66 | Consumer Cyclical |
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