Looking to diversify beyond PVI? The ETFs below have historically moved differently from PVI, 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 PVI
1283 ETFs have low correlation with PVI (below 0.3), 680 of which are negatively correlated. The least correlated is Alpha Architect 1-3 Month Box ETF (BOXX) (Ultrashort Bond) with a 1Y correlation of -0.16, down from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.16 | -0.02 | — | 100 | Ultrashort Bond | PVI vs BOXX | |
| Breakwave Tanker Shipping ETF | -0.15 | -0.04 | — | 99 | Commodities | PVI vs BWET | |
| iShares Currency Hedged MSCI Eurozone ETF | -0.13 | 0.02 | 0.02 | 67 | Europe Equities | PVI vs HEZU | |
| VanEck IG Floating Rate ETF | -0.12 | 0.00 | -0.03 | 99 | Corporate Bonds, Ultrashort Bond | PVI vs FLTR | |
| Renaissance International IPO ETF | -0.12 | -0.01 | 0.02 | 61 | Foreign Large Cap Equities | PVI vs IPOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PVI, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.05, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.05 | 0.05 | 0.02 | 66 | Consumer Defensive |
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