Looking to diversify beyond PTRB? The ETFs below have historically moved differently from PTRB, 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 PTRB
418 ETFs have low correlation with PTRB (below 0.3), 60 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.24 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.24 | — | 66 | Oil & Gas | PTRB vs DBE | |
| Invesco DB Oil Fund | -0.43 | -0.22 | — | 51 | Oil & Gas | PTRB vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.38 | -0.18 | — | 61 | Commodities | PTRB vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.38 | -0.19 | — | 56 | Commodities | PTRB vs COMT | |
| DoubleLine Commodity Strategy ETF | -0.36 | — | — | 58 | Commodities | PTRB vs DCMT |
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