Looking to diversify beyond PXF? The ETFs below have the lowest correlation with PXF — 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 PXF.
Best Diversifiers for PXF
198 ETFs have low correlation with PXF (below 0.3), 36 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.56, roughly unchanged from -0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.56 | -0.55 | -0.59 | 51 | Currency | PXF vs UUP | |
| ProShares UltraShort Yen | -0.40 | -0.30 | -0.23 | 72 | Leveraged Currency | PXF vs YCS | |
| ProShares Short Bitcoin ETF | -0.37 | -0.29 | -0.32 | 57 | Cryptocurrency | PXF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PXF vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 68 | Inverse Equities, Leveraged Equities | PXF vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PXF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PXF and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.10, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.10 | 0.08 | 0.20 | 53 | Industrials | |
| Walmart Inc. | 0.04 | 0.12 | 0.20 | 71 | Consumer Defensive | |
| AbbVie Inc. | 0.06 | 0.16 | 0.20 | 79 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.09 | 0.17 | 0.22 | 83 | Consumer Defensive | |
| Linde plc | 0.25 | 0.37 | 0.50 | 64 | Basic Materials |
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