Looking to diversify beyond IPAY? The ETFs below have the lowest correlation with IPAY — 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 IPAY.
Best Diversifiers for IPAY
404 ETFs have low correlation with IPAY (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.07 | -0.05 | 61 | Leveraged Currency | IPAY vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.17 | — | — | 99 | Ultrashort Bond | IPAY vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.16 | -0.02 | 0.00 | 70 | Commodities | IPAY vs FAAR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | — | — | 97 | Inflation-Protected Bonds | IPAY vs RBIL | |
| VanEck Commodity Strategy ETF | -0.11 | 0.02 | — | 55 | Commodities | IPAY vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPAY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPAY and solid risk/return profiles. The least correlated is American Express Company (AXP) (Financial Services) with a 1Y correlation of 0.69, roughly unchanged from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Express Company | 0.69 | 0.69 | 0.72 | 56 | Financial Services |
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