Looking to balance out your exposure to PARA? The ETFs below have the lowest correlation with PARA — they tend to move on their own, which can help reduce risk when PARA drops. The stock ideas table highlights individual companies that behave independently from PARA.
Best Diversifiers for PARA
9 ETFs have low correlation with PARA (below 0.3), 2 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.06, down from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.06 | 0.11 | — | 64 | Nasdaq-100, Derivative Income | PARA vs JEPQ | |
| Invesco QQQ ETF | -0.03 | 0.12 | 0.32 | 59 | Nasdaq-100 | PARA vs QQQ | |
| iShares Core S&P 500 ETF | 0.02 | 0.19 | 0.37 | 60 | S&P 500 | PARA vs IVV | |
| Vanguard S&P 500 ETF | 0.02 | 0.19 | 0.37 | 60 | S&P 500 | PARA vs VOO | |
| Vanguard Total World Stock ETF | 0.03 | 0.23 | 0.41 | 60 | Global Equities | PARA vs VT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PARA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PARA and solid risk/return profiles. The least correlated is Brookfield Renewable Corporation (BEPC) (Utilities) with a 1Y correlation of -0.08, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Renewable Corporation | -0.08 | 0.12 | 0.12 | 61 | Utilities | |
| HF Sinclair Corp | -0.03 | 0.16 | 0.22 | 86 | Energy | |
| Rocket Lab USA, Inc. | -0.03 | 0.18 | 0.28 | 84 | Industrials | |
| Citigroup Inc. | 0.01 | 0.24 | 0.39 | 94 | Financial Services | |
| Park Hotels & Resorts Inc. | 0.02 | 0.24 | 0.39 | 84 | Real Estate |
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Build a portfolio that complements PARA
Add PARA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PARA