Looking to diversify beyond PREF? The ETFs below have the lowest correlation with PREF — 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 PREF.
Best Diversifiers for PREF
347 ETFs have low correlation with PREF (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.07 | 0.01 | 53 | Oil & Gas | PREF vs DBE | |
| ProShares Short Bitcoin ETF | -0.29 | -0.13 | -0.16 | 57 | Cryptocurrency | PREF vs BITI | |
| United States Gasoline Fund LP | -0.29 | -0.04 | 0.02 | 78 | Oil & Gas | PREF vs UGA | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.21 | -0.21 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PREF vs SBIT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.03 | 0.04 | 51 | Commodities | PREF vs GSG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PREF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PREF and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.07, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.07 | 0.07 | 0.15 | 87 | Energy | |
| Celestica Inc. | 0.32 | 0.24 | 0.26 | 85 | Technology |
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