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
307 ETFs have low correlation with PREF (below 0.3), 28 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.28 | -0.03 | 0.02 | 55 | Oil & Gas | PREF vs UGA | |
| ProShares UltraShort Yen | -0.21 | -0.11 | -0.09 | 63 | Leveraged Currency | PREF vs YCS | |
| VanEck Commodity Strategy ETF | -0.18 | 0.00 | 0.02 | 57 | Commodities | PREF vs PIT | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | 0.08 | 0.08 | 95 | Inflation-Protected Bonds | PREF vs IBID | |
| TCW AAA CLO ETF | -0.12 | -0.02 | -0.02 | 99 | CLO | PREF vs ACLO |
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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 -0.05, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.05 | 0.08 | 0.16 | 85 | Energy | |
| Celestica Inc. | 0.32 | 0.24 | 0.25 | 88 | Technology |
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