Looking to diversify beyond PTH? The ETFs below have historically moved differently from PTH, 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 PTH
336 ETFs have low correlation with PTH (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.30 | — | 61 | Cryptocurrency | PTH vs BITI | |
| Invesco DB Energy Fund | -0.25 | -0.11 | -0.02 | 72 | Oil & Gas | PTH vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.10 | -0.03 | 52 | Oil & Gas | PTH vs BNO | |
| Invesco DB Oil Fund | -0.22 | -0.09 | -0.02 | 58 | Oil & Gas | PTH vs DBO | |
| Alpha Architect Tail Risk ETF | -0.21 | -0.09 | — | 56 | Options Trading | PTH vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PTH, 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 Lantheus Holdings, Inc. (LNTH) (Healthcare) with a 1Y correlation of 0.35, roughly unchanged from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lantheus Holdings, Inc. | 0.35 | 0.38 | 0.45 | 70 | Healthcare |
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