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
12 ETFs have low correlation with PARA (below 0.3), 8 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.08, 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 | -0.08 | 0.11 | — | 60 | Nasdaq-100, Derivative Income | PARA vs JEPQ | |
| Invesco QQQ ETF | -0.07 | 0.12 | 0.31 | 53 | Nasdaq-100 | PARA vs QQQ | |
| iShares Core S&P 500 ETF | -0.06 | 0.19 | 0.37 | 66 | S&P 500 | PARA vs IVV | |
| Schwab U.S. Dividend Equity ETF | -0.05 | 0.29 | 0.42 | 91 | Dividend | PARA vs SCHD | |
| Vanguard Total World Stock ETF | -0.05 | 0.23 | 0.41 | 63 | 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 HF Sinclair Corp (DINO) (Energy) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HF Sinclair Corp | -0.08 | 0.14 | 0.21 | 95 | Energy | |
| Park Hotels & Resorts Inc. | -0.04 | 0.26 | 0.41 | 83 | Real Estate | |
| Citigroup Inc. | -0.03 | 0.21 | 0.36 | 86 | Financial Services | |
| Electronic Arts Inc. | -0.02 | 0.18 | 0.24 | 96 | Communication Services | |
| ZIM Integrated Shipping Services Ltd. | -0.01 | 0.11 | 0.20 | 81 | Industrials |
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Build a portfolio that complements PARA
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