Looking to diversify beyond PCY? The ETFs below have the lowest correlation with PCY — 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 PCY.
Best Diversifiers for PCY
198 ETFs have low correlation with PCY (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.39 | -0.41 | 51 | Currency | PCY vs UUP | |
| Invesco DB Energy Fund | -0.41 | -0.15 | -0.04 | 53 | Oil & Gas | PCY vs DBE | |
| United States Gasoline Fund LP | -0.39 | -0.12 | -0.04 | 78 | Oil & Gas | PCY vs UGA | |
| ProShares UltraShort Yen | -0.37 | -0.31 | -0.33 | 72 | Leveraged Currency | PCY vs YCS | |
| DoubleLine Commodity Strategy ETF | -0.35 | -0.10 | -0.10 | 51 | Commodities | PCY vs DCMT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCY and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.24, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.24 | 0.02 | 0.07 | 62 | Energy | |
| The Coca-Cola Company | 0.04 | 0.14 | 0.21 | 83 | Consumer Defensive | |
| Tyson Foods, Inc. | 0.05 | 0.13 | 0.17 | 58 | Consumer Defensive | |
| Vodafone Group Plc | 0.25 | 0.27 | 0.28 | 86 | Communication Services | |
| Callaway Golf Company | 0.33 | 0.31 | 0.35 | 90 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PCY
Add PCY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PCY