Looking to diversify beyond PRFD? The ETFs below have historically moved differently from PRFD, 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 PRFD
365 ETFs have low correlation with PRFD (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.14 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.14 | — | 72 | Oil & Gas | PRFD vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.13 | — | 52 | Oil & Gas | PRFD vs BNO | |
| Strive U.S. Energy ETF | -0.26 | -0.03 | — | 70 | Energy Equities | PRFD vs DRLL | |
| Invesco DB Oil Fund | -0.25 | -0.12 | — | 58 | Oil & Gas | PRFD vs DBO | |
| iShares U.S. Energy ETF | -0.24 | -0.02 | — | 75 | Energy Equities | PRFD vs IYE |
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