Looking to diversify beyond PAPR? The ETFs below have historically moved differently from PAPR, 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 PAPR
182 ETFs have low correlation with PAPR (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.50, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.50 | -0.34 | — | 61 | Cryptocurrency | PAPR vs BITI | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.01 | — | 56 | Options Trading | PAPR vs CAOS | |
| Invesco DB Energy Fund | -0.29 | -0.09 | 0.07 | 72 | Oil & Gas | PAPR vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.08 | 0.05 | 52 | Oil & Gas | PAPR vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.07 | 58 | Oil & Gas | PAPR vs DBO |
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