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
3 ETFs have low correlation with PAGS (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.03, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.03 | 0.06 | 0.13 | 60 | Commodities | PAGS vs PDBC | |
| iShares Treasury Floating Rate Bond ETF | 0.07 | -0.00 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PAGS vs TFLO | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.30 | 0.33 | 0.41 | 94 | Leveraged Equities, Semiconductors | PAGS vs SOXL | |
| iShares MSCI South Korea ETF | 0.34 | 0.37 | 0.41 | 91 | South Korea Equities, Asia Pacific Equities | PAGS vs EWY | |
| iShares MSCI USA Momentum Factor ETF | 0.37 | 0.38 | 0.43 | 60 | Momentum, Large Cap Blend Equities | PAGS vs MTUM |
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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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.06 | 0.00 | 0.10 | 62 | Financial Services | |
| Occidental Petroleum Corporation | -0.03 | 0.08 | 0.15 | 64 | Energy | |
| The Andersons, Inc. | 0.15 | 0.24 | 0.26 | 96 | Consumer Defensive | |
| Tyson Foods, Inc. | 0.21 | 0.15 | 0.17 | 57 | Consumer Defensive | |
| NVIDIA Corporation | 0.21 | 0.23 | 0.34 | 70 | Technology |
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