Looking to diversify beyond PRFZ? The ETFs below have historically moved differently from PRFZ, 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 PRFZ
251 ETFs have low correlation with PRFZ (below 0.3), 85 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 61 | Inverse Equities, Leveraged Equities | PRFZ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.44 | -0.38 | — | 61 | Cryptocurrency | PRFZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PRFZ vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.43 | — | — | 75 | Derivative Income | PRFZ vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.12 | — | 56 | Options Trading | PRFZ vs CAOS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PRFZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Rivian Automotive, Inc. (RIVN) (Consumer Cyclical) with a 1Y correlation of 0.43, roughly unchanged from 0.52 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rivian Automotive, Inc. | 0.43 | 0.48 | 0.52 | 56 | Consumer Cyclical | |
| Pathward Financial, Inc. | 0.49 | 0.59 | 0.65 | 61 | Financial Services | |
| BlackRock Science and Technology Term Trust | 0.54 | 0.60 | 0.66 | 87 | Financial Services | |
| Royce Value Trust Inc. | 0.84 | 0.88 | 0.89 | 85 | Financial Services |
Build a portfolio that complements PRFZ
Add PRFZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PRFZ