Looking to diversify beyond PRFZ? The ETFs below have the lowest correlation with PRFZ — 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 PRFZ.
Best Diversifiers for PRFZ
188 ETFs have low correlation with PRFZ (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.09 | -0.04 | 61 | Leveraged Currency | PRFZ vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.05 | -0.04 | 100 | Government Bonds, Ultrashort Bond | PRFZ vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | PRFZ vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | — | — | 99 | Ultrashort Bond | PRFZ vs CSHP | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 95 | Inflation-Protected Bonds | PRFZ vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PRFZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PRFZ and solid risk/return profiles. The least correlated is BlackRock Science and Technology Trust II (BSTZ) (Financial Services) with a 1Y correlation of 0.51, down from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust II | 0.51 | 0.60 | 0.66 | 96 | Financial Services |
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