Looking to balance out your exposure to PAG? The ETFs below have the lowest correlation with PAG — they tend to move on their own, which can help reduce risk when PAG drops. The stock ideas table highlights individual companies that behave independently from PAG.
Best Diversifiers for PAG
1 ETFs have low correlation with PAG (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares UltraPro QQQ (TQQQ) (Leveraged Equities) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | 0.25 | 0.33 | 0.37 | 71 | Leveraged Equities | PAG vs TQQQ | |
| Vanguard S&P 500 ETF | 0.35 | 0.44 | 0.48 | 74 | S&P 500 | PAG vs VOO | |
| SPDR Portfolio High Yield Bond ETF | 0.40 | 0.43 | 0.42 | 64 | High Yield Bonds | PAG vs SPHY | |
| Vanguard Dividend Appreciation ETF | 0.44 | 0.53 | 0.54 | 60 | Dividend | PAG vs VIG |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAG and solid risk/return profiles. The least correlated is Sprott Physical Gold Trust (PHYS) (Financial Services) with a 1Y correlation of 0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sprott Physical Gold Trust | 0.05 | 0.06 | 0.05 | 71 | Financial Services | |
| Altria Group, Inc. | 0.05 | 0.15 | 0.22 | 73 | Consumer Defensive | |
| CareTrust REIT, Inc. | 0.08 | 0.15 | 0.26 | 80 | Real Estate | |
| RTX Corporation | 0.08 | 0.23 | 0.31 | 75 | Industrials | |
| Atmos Energy Corporation | 0.09 | 0.20 | 0.23 | 64 | Utilities |
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