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
591 ETFs have low correlation with PRFD (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from -0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.12 | — | 71 | Oil & Gas | PRFD vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.12 | — | 65 | Oil & Gas | PRFD vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.08 | — | 71 | Commodities | PRFD vs GSG | |
| iShares Commodities Select Strategy ETF | -0.21 | -0.09 | — | 71 | Commodities | PRFD vs COMT | |
| Invesco DB Oil Fund | -0.21 | -0.10 | — | 65 | Oil & Gas | PRFD vs DBO |
See all 1156 diversifiers for PRFD
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