TrueShares S&P Autocallable High Income ETF (PAYH) Diversifiers

ETF · Currency in USD · Last updated Jun 25, 2026

The TrueShares S&P Autocallable High Income ETF is an actively managed ETF that seeks high monthly income while reducing downside risk. The fund synthetically invests in autocallable-note style exposure linked to a volatility-managed S&P 500 futures index, using swaps and related instruments inside an ETF wrapper.

Looking to diversify beyond PAYH? The ETFs below have the lowest correlation with PAYH — 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 PAYH.

Best Diversifiers for PAYH

0 ETFs have low correlation with PAYH (below 0.3), 0 of which are negatively correlated. The least correlated is TrueShares Structured Outcome (August) ETF (AUGZ) (Defined Outcome) with a 1Y correlation of 0.36, roughly unchanged from 0.36 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Category	Compare
AUGZ	TrueShares Structured Outcome (August) ETF	0.36	0.36	0.36	52	Defined Outcome	PAYH vs AUGZ

Diversification Analysis

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