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
1527 ETFs have low correlation with PAAA (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 70 | Inverse Equities, Leveraged Equities | PAAA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 73 | Derivative Income | PAAA vs WNTR | |
| ProShares Short Bitcoin ETF | -0.25 | — | — | 52 | Cryptocurrency | PAAA vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.16 | — | — | 54 | Commodities | PAAA vs GSG | |
| Invesco DB Energy Fund | -0.15 | — | — | 57 | Oil & Gas | PAAA vs DBE |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | -0.08 | — | — | 62 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.00 | 0.00 | 78 | Energy | |
| Duke Energy Corporation | -0.05 | -0.06 | -0.06 | 64 | Utilities | |
| Waste Management, Inc. | -0.05 | 0.01 | 0.01 | 56 | Industrials | |
| Energy Transfer LP | -0.05 | 0.06 | 0.06 | 83 | Energy |
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