Looking to diversify beyond PAAA? The ETFs below have the lowest correlation with PAAA — 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 PAAA.
Best Diversifiers for PAAA
1302 ETFs have low correlation with PAAA (below 0.3), 34 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.15 | — | — | 55 | Oil & Gas | PAAA vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.14 | — | — | 75 | Commodities | PAAA vs FAAR | |
| VanEck Commodity Strategy ETF | -0.11 | — | — | 57 | Commodities | PAAA vs PIT | |
| ProShares UltraShort Yen | -0.10 | — | — | 63 | Leveraged Currency | PAAA vs YCS | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.09 | — | — | 55 | Commodities | PAAA vs FTGC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAAA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAAA and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.05, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.05 | -0.00 | -0.00 | 65 | Energy | |
| Exxon Mobil Corporation | -0.05 | 0.00 | 0.00 | 72 | Energy | |
| The Coca-Cola Company | -0.04 | -0.01 | -0.01 | 74 | Consumer Defensive | |
| Equinor ASA | -0.04 | 0.02 | 0.02 | 66 | Energy | |
| PepsiCo, Inc. | -0.03 | -0.01 | -0.01 | 61 | Consumer Defensive |
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