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
334 ETFs have low correlation with PRFD (below 0.3), 43 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from -0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.13 | — | 53 | Oil & Gas | PRFD vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.09 | — | 51 | Commodities | PRFD vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.08 | — | 54 | Commodities | PRFD vs DBC | |
| iShares U.S. Energy ETF | -0.20 | 0.00 | 0.05 | 51 | Energy Equities | PRFD vs IYE | |
| DoubleLine Commodity Strategy ETF | -0.19 | -0.10 | -0.10 | 51 | Commodities | PRFD vs DCMT |
See all 1131 diversifiers for PRFD
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