Looking to diversify beyond PRF? The ETFs below have historically moved differently from PRF, 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 PRF
213 ETFs have low correlation with PRF (below 0.3), 34 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 58 | Derivative Income | PRF vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.05 | 0.14 | 54 | Oil & Gas | PRF vs DBE | |
| United States Gasoline Fund, LP | -0.22 | -0.04 | 0.13 | 72 | Oil & Gas | PRF vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.18 | 0.02 | 0.19 | 51 | Commodities | PRF vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.17 | 0.01 | 0.18 | 51 | Commodities | PRF vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.16, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.16 | 0.25 | 0.27 | 81 | Healthcare | |
| UiPath Inc. | 0.20 | 0.44 | 0.47 | 55 | Technology | |
| Haemonetics Corporation | 0.26 | 0.40 | 0.43 | 50 | Healthcare | |
| Broadcom Inc. | 0.33 | 0.38 | 0.49 | 70 | Technology | |
| Rivian Automotive, Inc. | 0.34 | 0.38 | 0.41 | 58 | Consumer Cyclical |
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