Looking to diversify beyond PAPI? The ETFs below have the lowest correlation with PAPI — 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 PAPI.
Best Diversifiers for PAPI
894 ETFs have low correlation with PAPI (below 0.3), 49 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.17 | — | — | 56 | Derivative Income, Options Trading | PAPI vs NVDY | |
| REX NVDA Growth & Income ETF | -0.17 | — | — | 57 | Derivative Income | PAPI vs NVII | |
| ProShares UltraShort Yen | -0.15 | — | — | 67 | Leveraged Currency | PAPI vs YCS | |
| iShares Government Money Market ETF | -0.08 | -0.05 | -0.05 | 100 | Money Market | PAPI vs GMMF | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.08 | — | — | 100 | Ultrashort Bond | PAPI vs VBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAPI and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Trust | 0.04 | — | — | 88 | Financial Services | |
| Tesla, Inc. | 0.14 | — | — | 58 | Consumer Cyclical |
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