Looking to diversify beyond PXF? The ETFs below have historically moved differently from PXF, 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 PXF
237 ETFs have low correlation with PXF (below 0.3), 53 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.29 | — | 61 | Cryptocurrency | PXF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PXF vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 61 | Inverse Equities, Leveraged Equities | PXF vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | PXF vs WNTR | |
| ProShares UltraShort Yen | -0.37 | -0.30 | -0.23 | 56 | Leveraged Currency | PXF vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PXF, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.00 | 0.10 | 0.19 | 62 | Consumer Defensive | |
| AbbVie Inc. | 0.02 | 0.16 | 0.20 | 81 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.02 | 0.15 | 0.24 | 87 | Consumer Defensive | |
| Linde plc | 0.23 | 0.36 | 0.50 | 51 | Basic Materials | |
| StoneX Group Inc. | 0.38 | 0.43 | 0.45 | 85 | Financial Services |
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