Looking to diversify beyond PAVE? The ETFs below have historically moved differently from PAVE, 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 PAVE
301 ETFs have low correlation with PAVE (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.30 | — | 51 | Cryptocurrency | PAVE vs BITI | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.28 | — | — | 97 | Inflation-Protected Bonds | PAVE vs RBIL | |
| Invesco DB Energy Fund | -0.25 | -0.06 | 0.11 | 66 | Oil & Gas | PAVE vs DBE | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | — | — | 69 | Derivative Income | PAVE vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | PAVE vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PAVE, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.03 | 0.16 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | 0.06 | 0.21 | 87 | Consumer Defensive | |
| Chevron Corporation | -0.08 | 0.17 | 0.31 | 79 | Energy | |
| ConocoPhillips Company | -0.07 | 0.16 | 0.29 | 73 | Energy | |
| Exxon Mobil Corporation | -0.07 | 0.15 | 0.29 | 85 | Energy |
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