Looking to diversify beyond PRXV? The ETFs below have historically moved differently from PRXV, 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 PRXV
162 ETFs have low correlation with PRXV (below 0.3), 31 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.33 | -0.33 | -0.33 | 58 | Oil & Gas | PRXV vs DBO | |
| United States Brent Oil Fund LP | -0.32 | -0.32 | -0.32 | 52 | Oil & Gas | PRXV vs BNO | |
| Fidelity Managed Futures ETF | -0.25 | -0.25 | -0.25 | 88 | Systematic Trend, Actively Managed | PRXV vs FFUT | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.21 | -0.21 | -0.21 | 78 | Commodities | PRXV vs DJP | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.20 | -0.20 | 71 | Commodities | PRXV vs DBC |
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