Looking to diversify beyond PAAA? The ETFs below have historically moved differently from PAAA, 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 PAAA
1583 ETFs have low correlation with PAAA (below 0.3), 59 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 58 | Derivative Income | PAAA vs WNTR | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.15 | -0.02 | -0.02 | 51 | Commodities | PAAA vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | -0.02 | -0.02 | 51 | Commodities | PAAA vs GSG | |
| Invesco DB Energy Fund | -0.15 | -0.02 | -0.02 | 54 | Oil & Gas | PAAA vs DBE | |
| United States Gasoline Fund, LP | -0.14 | -0.02 | — | 72 | Oil & Gas | PAAA vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PAAA, 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 Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of -0.07, down from 0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | -0.07 | 0.08 | — | 57 | Energy | |
| Exxon Mobil Corporation | -0.05 | 0.00 | 0.00 | 84 | Energy | |
| Equinor ASA | -0.04 | 0.01 | 0.02 | 82 | Energy | |
| Walmart Inc. | -0.03 | 0.05 | 0.05 | 59 | Consumer Defensive | |
| DNP Select Income Fund Inc. | -0.03 | 0.02 | — | 87 | Financial Services |
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