Looking to diversify beyond PZT? The ETFs below have the lowest correlation with PZT — 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 PZT.
Best Diversifiers for PZT
1033 ETFs have low correlation with PZT (below 0.3), 72 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.09 | -0.06 | 71 | Oil & Gas | PZT vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.30 | -0.06 | -0.04 | 71 | Commodities | PZT vs GSG | |
| iShares Commodities Select Strategy ETF | -0.29 | -0.07 | -0.04 | 71 | Commodities | PZT vs COMT | |
| Invesco DB Oil Fund | -0.28 | -0.08 | -0.06 | 65 | Oil & Gas | PZT vs DBO | |
| Invesco DB Commodity Index Tracking Fund | -0.27 | -0.05 | -0.03 | 75 | Commodities | PZT vs DBC |
See all 1187 diversifiers for PZT
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