Looking to diversify beyond PLW? The ETFs below have historically moved differently from PLW, 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 PLW
844 ETFs have low correlation with PLW (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 -0.42, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.42 | -0.24 | -0.19 | 52 | Oil & Gas | PLW vs BNO | |
| Invesco DB Energy Fund | -0.41 | -0.24 | -0.19 | 72 | Oil & Gas | PLW vs DBE | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.40 | -0.22 | -0.17 | 58 | Commodities | PLW vs COMT | |
| Invesco DB Oil Fund | -0.40 | -0.23 | -0.19 | 58 | Oil & Gas | PLW vs DBO | |
| Invesco DB Commodity Index Tracking Fund | -0.39 | -0.20 | -0.13 | 71 | Commodities | PLW vs DBC |
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