Looking to diversify beyond PRAY? The ETFs below have historically moved differently from PRAY, 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 PRAY
168 ETFs have low correlation with PRAY (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.34 | — | 51 | Cryptocurrency | PRAY vs BITI | |
| Invesco DB Energy Fund | -0.24 | -0.07 | — | 66 | Oil & Gas | PRAY vs DBE | |
| Invesco DB Oil Fund | -0.21 | -0.04 | 0.04 | 51 | Oil & Gas | PRAY vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | PRAY vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | 0.02 | 0.02 | 96 | Inflation-Protected Bonds | PRAY vs IBID |
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