Looking to balance out your exposure to PAGS? The ETFs below have the lowest correlation with PAGS — they tend to move on their own, which can help reduce risk when PAGS drops. The stock ideas table highlights individual companies that behave independently from PAGS.
Best Diversifiers for PAGS
0 ETFs have low correlation with PAGS (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.34 | 0.34 | 0.42 | 96 | Leveraged Equities, Semiconductors | PAGS vs SOXL | |
| Invesco Solar ETF | 0.34 | 0.36 | 0.44 | 68 | Alternative Energy Equities | PAGS vs TAN | |
| iShares MSCI South Korea ETF | 0.39 | 0.38 | 0.42 | 92 | Asia Pacific Equities | PAGS vs EWY | |
| iShares MSCI USA Momentum Factor ETF | 0.42 | 0.39 | 0.44 | 64 | Momentum, Large Cap Blend Equities | PAGS vs MTUM | |
| Invesco QQQ ETF | 0.50 | 0.42 | 0.48 | 59 | Nasdaq-100 | PAGS vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAGS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAGS and solid risk/return profiles. The least correlated is Osisko Gold Royalties Ltd (OR) (Basic Materials) with a 1Y correlation of 0.17, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Osisko Gold Royalties Ltd | 0.17 | 0.16 | 0.15 | 58 | Basic Materials | |
| Innovex International, Inc | 0.20 | 0.22 | 0.23 | 84 | Energy | |
| EZCORP, Inc. | 0.22 | 0.22 | 0.24 | 97 | Financial Services | |
| IAMGOLD Corporation | 0.23 | 0.17 | 0.14 | 82 | Basic Materials | |
| Coca-Cola FEMSA, S.A.B. de C.V. | 0.23 | 0.28 | 0.26 | 60 | Consumer Defensive |
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