Looking to diversify beyond PAVE? The ETFs below have the lowest correlation with PAVE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PAVE.
Best Diversifiers for PAVE
220 ETFs have low correlation with PAVE (below 0.3), 26 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | PAVE vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.22 | — | — | 95 | Inflation-Protected Bonds | PAVE vs IBID | |
| WisdomTree Floating Rate Treasury Fund | -0.20 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PAVE vs USFR | |
| ProShares UltraShort Yen | -0.16 | -0.04 | -0.02 | 61 | Leveraged Currency | PAVE vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | 0.05 | 0.05 | 99 | Ultrashort Bond | PAVE vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAVE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAVE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.05 | 0.19 | 70 | Consumer Defensive | |
| The Coca-Cola Company | -0.06 | 0.09 | 0.22 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.04 | 0.18 | 0.29 | 68 | Energy | |
| ConocoPhillips Company | -0.02 | 0.18 | 0.30 | 61 | Energy | |
| Chevron Corporation | -0.01 | 0.19 | 0.31 | 68 | Energy |
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