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
264 ETFs have low correlation with PRF (below 0.3), 48 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.25 | -0.00 | 0.16 | 66 | Oil & Gas | PRF vs USO | |
| Invesco DB Energy Fund | -0.25 | -0.01 | 0.17 | 71 | Oil & Gas | PRF vs DBE | |
| United States Brent Oil Fund LP | -0.24 | 0.00 | 0.15 | 65 | Oil & Gas | PRF vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.22 | 0.03 | 0.18 | 55 | Oil & Gas | PRF vs OILK | |
| United States 12 Month Oil Fund LP | -0.22 | 0.02 | 0.18 | 56 | Oil & Gas | PRF vs USL |
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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 | 72 | Healthcare | |
| Broadcom Inc. | 0.31 | 0.38 | 0.50 | 84 | Technology | |
| BlackRock Science and Technology Trust II | 0.48 | 0.56 | 0.61 | 95 | Financial Services |
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