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
797 ETFs have low correlation with PLW (below 0.3), 44 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.34 | — | — | 66 | Systematic Trend | PLW vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.30 | -0.13 | -0.12 | 67 | Commodities | PLW vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.27 | -0.13 | — | 65 | Commodities | PLW vs CMDT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.27 | -0.11 | -0.10 | 74 | Commodities | PLW vs FTGC | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.27 | -0.09 | -0.08 | 52 | Commodities | PLW vs CMDY |
See all 1131 diversifiers for PLW
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