Looking to balance out your exposure to PAAS? The ETFs below have the lowest correlation with PAAS — they tend to move on their own, which can help reduce risk when PAAS drops. The stock ideas table highlights individual companies that behave independently from PAAS.
Best Diversifiers for PAAS
10 ETFs have low correlation with PAAS (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.03 | -0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | PAAS vs BIL | |
| iShares 0-5 Year TIPS Bond ETF | 0.15 | 0.20 | 0.29 | 85 | Inflation-Protected Bonds | PAAS vs STIP | |
| Schwab U.S. Dividend Equity ETF | 0.15 | 0.18 | 0.24 | 77 | Dividend | PAAS vs SCHD | |
| YieldMax AAPL Option Income Strategy ETF | 0.18 | 0.11 | — | 52 | Options Trading | PAAS vs APLY | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.18 | 0.10 | — | 99 | Government Bonds, Ultrashort Bond | PAAS vs XONE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAAS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAAS and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.12, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.12 | 0.13 | 0.20 | 63 | Energy | |
| Chubb Limited | -0.10 | -0.02 | 0.05 | 69 | Financial Services | |
| Altria Group, Inc. | -0.09 | -0.02 | 0.08 | 72 | Consumer Defensive | |
| ONEOK, Inc. | -0.08 | 0.10 | 0.22 | 59 | Energy | |
| The Coca-Cola Company | -0.06 | -0.02 | 0.07 | 74 | Consumer Defensive |
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