The Preferred Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There is at least 1 fund that is incredibly highly correlated with PGX.

Within the PowerShares family of funds, the most positively correlated other funds are Financial Preferred Portfolio, Active U.S. Real Estate Fund, Fundamental Investment Grade Corporate Bond Portfolio, S&P 500 Low Volatility Portfolio, S&P SmallCap Utilities Portfolio.

Outside of the PowerShares family, the most positively correlated other funds are SPDR - Wells Fargo Preferred Stock, Schwab - Real Estate, SPDR - Barclays Intermediate Term Corporate Bond, iShares - Short Maturity Bond ETF, Vanguard - Total International Bond.

Extremely Similar Fund

There is one fund which has a greater than 99% correlation to PowerShares's Preferred Portfolio fund: SPDR - Wells Fargo Preferred Stock. The correlation between their daily movements is 99.4%.

Performance for the previous 2 years


Positively Correlated PowerShares ETFs
PGF PowerShares Financial Preferred Portfolio 98.9%
PSR PowerShares Active U.S. Real Estate Fund 98.4%
PFIG PowerShares Fundamental Investment Grade Corporate Bond Portfolio 97.6%
SPLV PowerShares S&P 500 Low Volatility Portfolio 96.7%
PSCU PowerShares S&P SmallCap Utilities Portfolio 96.7%
Negatively Correlated PowerShares funds
LALT PowerShares Multi-Strategy Alternative Portfolio -89.4%
UDN PowerShares DB US Dollar Index Bearish Fund -52.6%
EELV PowerShares S&P Emerging Markets Low Volatility Portfolio -51.4%
PSAU PowerShares Global Gold and Precious Metals Portfolio -46.6%
DBO PowerShares DB Oil Fund -42.7%

Positively Correlated Non-PowerShares funds
PSK SPDR Wells Fargo Preferred Stock 99.4%
SCHH Schwab Real Estate 98.0%
ITR SPDR Barclays Intermediate Term Corporate Bond 97.8%
NEAR iShares Short Maturity Bond ETF 97.7%
BNDX Vanguard Total International Bond 97.6%
Negatively Correlated Non-PowerShares funds
EMEY iShares MSCI Emerging Markets Energy Capped ETF -88.5%
CMDT iShares Commodity Optimized Trust -87.1%
ERUS iShares MSCI Russia Capped ETF -86.6%
QAT iShares MSCI Qatar Capped ETF -86.5%
EWZS iShares MSCI Brazil Small-Cap ETF -86.5%

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