Looking to balance out your exposure to PAYS? The ETFs below have the lowest correlation with PAYS — they tend to move on their own, which can help reduce risk when PAYS drops. The stock ideas table highlights individual companies that behave independently from PAYS.
No Diversifiers Found for PAYS
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAYS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAYS and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.13 | -0.01 | 0.05 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.06 | 0.09 | 0.13 | 83 | Energy | |
| Walmart Inc. | -0.03 | 0.06 | 0.10 | 63 | Consumer Defensive | |
| Johnson & Johnson | 0.00 | 0.04 | 0.04 | 92 | Healthcare | |
| Enterprise Products Partners L.P. | 0.04 | 0.14 | 0.18 | 85 | Energy |
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