Looking to diversify beyond PRF? The ETFs below have the lowest correlation with PRF — 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 PRF.
Best Diversifiers for PRF
229 ETFs have low correlation with PRF (below 0.3), 36 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.40, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.37 | -0.37 | 65 | Inverse Equities, Leveraged Equities | PRF vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.40 | -0.33 | -0.35 | 53 | Cryptocurrency | PRF vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | PRF vs WNTR | |
| Invesco DB Energy Fund | -0.23 | -0.03 | 0.16 | 57 | Oil & Gas | PRF vs DBE | |
| ProShares UltraShort Yen | -0.18 | -0.07 | -0.04 | 72 | Leveraged Currency | PRF vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRF and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.18, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.18 | 0.24 | 0.27 | 78 | Healthcare | |
| Broadcom Inc. | 0.30 | 0.37 | 0.49 | 72 | Technology | |
| Rivian Automotive, Inc. | 0.39 | 0.42 | — | 65 | Consumer Cyclical | |
| BlackRock Science and Technology Term Trust | 0.51 | 0.57 | 0.62 | 93 | Financial Services |
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