Looking to diversify beyond PRFD? The ETFs below have the lowest correlation with PRFD — 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 PRFD.
Best Diversifiers for PRFD
326 ETFs have low correlation with PRFD (below 0.3), 22 of which are negatively correlated. The least correlated is iShares Enhanced Short-Term Bond Active ETF (CSHP) (Ultrashort Bond) with a 1Y correlation of -0.19, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | -0.18 | -0.18 | 99 | Ultrashort Bond | PRFD vs CSHP | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.16 | -0.02 | — | 50 | Commodities | PRFD vs CMDT | |
| Bastion Energy ETF | -0.14 | -0.15 | -0.15 | 84 | Energy Equities | PRFD vs BESF | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | 0.13 | 0.13 | 98 | Inflation-Protected Bonds | PRFD vs IBIC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.11 | -0.06 | -0.06 | 53 | Commodities | PRFD vs CERY |
See all 1062 diversifiers for PRFD
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