Looking to diversify beyond PLW? The ETFs below have the lowest correlation with PLW — 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 PLW.
Best Diversifiers for PLW
831 ETFs have low correlation with PLW (below 0.3), 38 of which are negatively correlated. The least correlated is Fidelity Managed Futures ETF (FFUT) (Systematic Trend) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.31 | -0.31 | -0.31 | 64 | Systematic Trend | PLW vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.13 | -0.12 | 70 | Commodities | PLW vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.25 | -0.10 | -0.10 | 53 | Commodities | PLW vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.23 | -0.15 | -0.15 | 50 | Commodities | PLW vs CERY | |
| Bastion Energy ETF | -0.23 | -0.23 | -0.23 | 75 | Energy Equities | PLW vs BESF |
See all 1147 diversifiers for PLW
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