Looking to diversify beyond PWC? The ETFs below have historically moved differently from PWC, 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 PWC
394 ETFs have low correlation with PWC (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.20, roughly unchanged from -0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.20 | -0.22 | — | 51 | Cryptocurrency | PWC vs BITI | |
| Invesco DB Energy Fund | -0.17 | -0.05 | 0.11 | 66 | Oil & Gas | PWC vs DBE | |
| Invesco DB Oil Fund | -0.16 | -0.04 | 0.11 | 51 | Oil & Gas | PWC vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.13 | 0.01 | 0.15 | 61 | Commodities | PWC vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.11 | 0.01 | 0.15 | 56 | Commodities | PWC vs COMT |
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