Looking to diversify beyond PVAL? The ETFs below have the lowest correlation with PVAL — 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 PVAL.
Best Diversifiers for PVAL
281 ETFs have low correlation with PVAL (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | 0.02 | 0.18 | 71 | Oil & Gas | PVAL vs DBE | |
| United States Oil Fund LP | -0.23 | 0.02 | 0.17 | 66 | Oil & Gas | PVAL vs USO | |
| United States Brent Oil Fund LP | -0.21 | 0.03 | 0.17 | 65 | Oil & Gas | PVAL vs BNO | |
| ProShares UltraShort Yen | -0.21 | -0.08 | -0.04 | 61 | Leveraged Currency | PVAL vs YCS | |
| Invesco DB Oil Fund | -0.20 | 0.04 | — | 65 | Oil & Gas | PVAL vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PVAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PVAL and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of 0.38, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 0.38 | 0.41 | 0.47 | 95 | Technology | |
| Apple Inc | 0.42 | 0.37 | 0.50 | 89 | Technology |
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