Looking to balance out your exposure to PATH? The ETFs below have historically moved differently from PATH, 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 PATH
22 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 -0.03, down from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core U.S. REIT ETF | -0.03 | 0.27 | 0.33 | 79 | REIT | PATH vs USRT | |
| State Street Energy Select Sector SPDR ETF | -0.03 | 0.11 | 0.14 | 76 | Energy Equities | PATH vs XLE | |
| Vanguard International High Dividend Yield ETF | 0.02 | 0.28 | 0.35 | 91 | Dividend, Foreign Large Cap Equities | PATH vs VYMI | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.03 | 0.07 | 0.08 | 72 | Commodities | PATH vs PDBC | |
| State Street Health Care Select Sector SPDR ETF | 0.05 | 0.23 | 0.28 | 72 | Health & Biotech Equities | PATH vs XLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PATH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco p.l.c. | -0.22 | 0.00 | 0.05 | 69 | Consumer Defensive | |
| Johnson & Johnson | -0.20 | -0.05 | -0.00 | 97 | Healthcare | |
| The Coca-Cola Company | -0.20 | -0.05 | 0.03 | 90 | Consumer Defensive | |
| CVS Health Corporation | -0.15 | 0.05 | 0.07 | 94 | Healthcare | |
| Kinder Morgan, Inc. | -0.12 | 0.08 | 0.14 | 72 | Energy |
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