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
25 ETFs have low correlation with PATH (below 0.3), 2 of which are negatively correlated. The least correlated is iShares Core U.S. REIT ETF (USRT) (REIT) with a 1Y correlation of -0.02, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core U.S. REIT ETF | -0.02 | 0.27 | 0.33 | 59 | REIT | PATH vs USRT | |
| State Street Energy Select Sector SPDR ETF | -0.01 | 0.12 | 0.15 | 50 | Energy Equities | PATH vs XLE | |
| Vanguard International High Dividend Yield ETF | 0.04 | 0.29 | 0.35 | 81 | Dividend, Foreign Large Cap Equities | PATH vs VYMI | |
| iShares National AMT-Free Muni Bond ETF | 0.04 | 0.14 | 0.14 | 74 | Municipal Bonds | PATH vs MUB | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.08 | 0.09 | 0.09 | 55 | Commodities | PATH vs PDBC |
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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 -0.26, 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. | -0.26 | -0.01 | 0.05 | 72 | Consumer Defensive | |
| Johnson & Johnson | -0.19 | -0.06 | 0.00 | 97 | Healthcare | |
| CVS Health Corporation | -0.17 | 0.03 | 0.07 | 92 | Healthcare | |
| Kinder Morgan, Inc. | -0.12 | 0.09 | 0.15 | 77 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.10 | 0.09 | 0.15 | 83 | Consumer Defensive |
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Build a portfolio that complements PATH
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