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
21 ETFs have low correlation with PAAS (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.02, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.02 | 0.13 | 0.23 | 63 | Energy Equities | PAAS vs XLE | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.05 | 0.00 | 0.02 | 100 | Government Bonds, Ultrashort Bond | PAAS vs BIL | |
| YieldMax AAPL Option Income Strategy ETF | 0.11 | 0.10 | 0.10 | 57 | Options Trading | PAAS vs APLY | |
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.17 | 0.24 | 80 | Dividend | PAAS vs SCHD | |
| iShares 0-5 Year TIPS Bond ETF | 0.12 | 0.21 | 0.29 | 93 | Inflation-Protected Bonds | PAAS vs STIP |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | -0.01 | 0.09 | 69 | Consumer Defensive | |
| Chubb Limited | -0.06 | -0.01 | 0.06 | 51 | Financial Services | |
| Coterra Energy Inc. | -0.06 | 0.11 | 0.17 | 79 | Energy | |
| The Travelers Companies, Inc. | -0.05 | 0.01 | 0.06 | 51 | Financial Services | |
| Exxon Mobil Corporation | -0.04 | 0.09 | 0.19 | 85 | Energy |
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Build a portfolio that complements PAAS
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