Looking to diversify beyond PPEM? The ETFs below have historically moved differently from PPEM, 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 PPEM
245 ETFs have low correlation with PPEM (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.31 | — | 61 | Cryptocurrency | PPEM vs BITI | |
| Invesco DB Energy Fund | -0.28 | -0.03 | — | 72 | Oil & Gas | PPEM vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.03 | — | 52 | Oil & Gas | PPEM vs BNO | |
| Alpha Architect Tail Risk ETF | -0.26 | -0.07 | — | 56 | Options Trading | PPEM vs CAOS | |
| Invesco DB Oil Fund | -0.23 | -0.01 | — | 58 | Oil & Gas | PPEM vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PPEM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CBL & Associates Properties, Inc. | 0.10 | 0.22 | 0.22 | 99 |
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