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
1482 ETFs have low correlation with PAAA (below 0.3), 56 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 | — | — | 69 | Oil & Gas | PAAA vs UGA | |
| United States Brent Oil Fund LP | -0.15 | -0.02 | -0.02 | 65 | Oil & Gas | PAAA vs BNO | |
| United States 12 Month Oil Fund LP | -0.15 | — | — | 56 | Oil & Gas | PAAA vs USL | |
| Invesco DB Energy Fund | -0.15 | — | — | 71 | Oil & Gas | PAAA vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | — | — | 71 | Commodities | PAAA vs GSG |
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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 PepsiCo, Inc. (PEP) (Consumer Defensive) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PepsiCo, Inc. | -0.04 | -0.01 | -0.01 | 56 | Consumer Defensive | |
| Equinor ASA | -0.04 | 0.01 | 0.01 | 82 | Energy | |
| The Coca-Cola Company | -0.03 | -0.01 | -0.01 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.02 | 0.01 | 0.01 | 85 | Energy | |
| Verizon Communications Inc. | -0.02 | 0.01 | 0.01 | 59 | Communication Services |
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