Looking to diversify beyond PALL? The ETFs below have the lowest correlation with PALL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PALL.
Best Diversifiers for PALL
768 ETFs have low correlation with PALL (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.18 | -0.19 | 57 | Cryptocurrency | PALL vs BITI | |
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.27 | -0.31 | 51 | Currency | PALL vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PALL vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | -0.21 | -0.21 | 68 | Inverse Equities, Leveraged Equities | PALL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | — | — | 70 | Derivative Income | PALL vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PALL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PALL and solid risk/return profiles. The least correlated is W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.01 | -0.02 | 0.05 | 59 | Financial Services | |
| Berkshire Hathaway Inc. | 0.02 | 0.08 | 0.13 | 53 | Financial Services | |
| argenx SE | 0.06 | 0.04 | 0.03 | 85 | Healthcare | |
| Texas Pacific Land Corporation | 0.07 | 0.15 | 0.18 | 57 | Energy | |
| Casey's General Stores, Inc. | 0.10 | 0.08 | 0.07 | 93 | Consumer Defensive |
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