Looking to diversify beyond PAUG? The ETFs below have historically moved differently from PAUG, 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 PAUG
207 ETFs have low correlation with PAUG (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.36 | — | 61 | Cryptocurrency | PAUG vs BITI | |
| Alpha Architect Tail Risk ETF | -0.34 | -0.04 | — | 56 | Options Trading | PAUG vs CAOS | |
| Invesco DB Energy Fund | -0.27 | -0.08 | 0.07 | 72 | Oil & Gas | PAUG vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.07 | 0.06 | 52 | Oil & Gas | PAUG vs BNO | |
| Invesco DB Oil Fund | -0.21 | -0.05 | 0.07 | 58 | Oil & Gas | PAUG vs DBO |
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