Looking to diversify beyond PTEU? The ETFs below have historically moved differently from PTEU, 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 PTEU
163 ETFs have low correlation with PTEU (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 -0.39, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.39 | -0.15 | -0.02 | 66 | Oil & Gas | PTEU vs DBE | |
| ProShares Short Bitcoin ETF | -0.38 | -0.30 | — | 51 | Cryptocurrency | PTEU vs BITI | |
| Invesco DB Oil Fund | -0.34 | -0.13 | -0.01 | 51 | Oil & Gas | PTEU vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.03 | 0.05 | 61 | Commodities | PTEU vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.25 | -0.03 | 0.05 | 56 | Commodities | PTEU vs COMT |
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