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
1 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 -0.02, 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... | -0.02 | 0.09 | 0.13 | 74 | Commodities | PAGS vs PDBC | |
| Invesco Solar ETF | 0.34 | 0.37 | 0.44 | 85 | Alternative Energy Equities | PAGS vs TAN | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.35 | 0.35 | 0.42 | 97 | Leveraged Equities, Semiconductors | PAGS vs SOXL | |
| iShares MSCI South Korea ETF | 0.39 | 0.38 | 0.42 | 96 | Asia Pacific Equities | PAGS vs EWY | |
| iShares MSCI USA Momentum Factor ETF | 0.45 | 0.40 | 0.44 | 67 | 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 Osisko Gold Royalties Ltd (OR) (Basic Materials) with a 1Y correlation of 0.13, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Osisko Gold Royalties Ltd | 0.13 | 0.14 | 0.14 | 61 | Basic Materials | |
| Innovex International, Inc | 0.18 | 0.22 | 0.23 | 86 | Energy | |
| IAMGOLD Corporation | 0.19 | 0.16 | 0.13 | 84 | Basic Materials | |
| Sonoco Products Company | 0.20 | 0.21 | 0.22 | 51 | Consumer Cyclical | |
| Gold Fields Limited | 0.20 | 0.16 | 0.12 | 69 | Basic Materials |
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