Looking to balance out your exposure to PAGS? The ETFs below have historically moved differently from PAGS, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.03 | 0.05 | 0.12 | 70 | Commodities | PAGS vs PDBC | |
| iShares Treasury Floating Rate Bond ETF | 0.05 | 0.00 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PAGS vs TFLO | |
| ProShares S&P 500 Dividend Aristocrats ETF | 0.30 | 0.33 | 0.36 | 51 | Dividend, S&P 500, Large Cap Value Equities | PAGS vs NOBL | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.31 | 0.34 | 0.41 | 91 | Leveraged Equities, Semiconductors | PAGS vs SOXL | |
| iShares MSCI South Korea ETF | 0.34 | 0.37 | 0.40 | 88 | South Korea Equities, Asia Pacific Equities | PAGS vs EWY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PAGS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.09, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.09 | -0.00 | 0.10 | 65 | Financial Services | |
| The Coca-Cola Company | -0.06 | 0.04 | 0.06 | 87 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.04 | 0.07 | 0.15 | 68 | Energy | |
| Berkshire Hathaway Inc. | 0.01 | 0.19 | 0.25 | 61 | Financial Services | |
| The Cigna Group | 0.08 | 0.08 | 0.12 | 54 | Healthcare |
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