Looking to balance out your exposure to PATH? The ETFs below have the lowest correlation with PATH — they tend to move on their own, which can help reduce risk when PATH drops. The stock ideas table highlights individual companies that behave independently from PATH.
Best Diversifiers for PATH
9 ETFs have low correlation with PATH (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.10, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.10 | 0.31 | 0.34 | 86 | Materials | PATH vs REMX | |
| YieldMax NVDA Option Income Strategy ETF | 0.11 | 0.25 | — | 56 | Derivative Income, Options Trading | PATH vs NVDY | |
| Invesco S&P 500 Momentum ETF | 0.17 | 0.37 | 0.38 | 75 | Momentum, S&P 500 | PATH vs SPMO | |
| SP Funds S&P World ETF | 0.20 | — | — | 73 | Foreign Large Cap Equities | PATH vs SPWO | |
| NEOS S&P 500 High Income ETF | 0.28 | 0.48 | — | 75 | Derivative Income, S&P 500 | PATH vs SPYI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PATH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PATH and solid risk/return profiles. The least correlated is British American Tobacco p.l.c. (BTI) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco p.l.c. | -0.22 | -0.00 | 0.05 | 77 | Consumer Defensive | |
| Johnson & Johnson | -0.19 | -0.04 | 0.01 | 94 | Healthcare | |
| Kinder Morgan, Inc. | -0.08 | 0.11 | 0.16 | 66 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.08 | 0.09 | 0.16 | 81 | Consumer Defensive | |
| TechnipFMC plc | -0.07 | 0.13 | 0.17 | 97 | Energy |
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Build a portfolio that complements PATH
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