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
154 ETFs have low correlation with PCY (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.31 | -0.33 | 61 | Leveraged Currency | PCY vs YCS | |
| VanEck Commodity Strategy ETF | -0.28 | -0.03 | — | 55 | Commodities | PCY vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.26 | -0.09 | -0.07 | 70 | Commodities | PCY vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.23 | 0.01 | 0.06 | 53 | Commodities | PCY vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.23 | -0.05 | -0.05 | 50 | Commodities | PCY vs CERY |
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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 Callaway Golf Company (CALY) (Consumer Cyclical) with a 1Y correlation of 0.31, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Callaway Golf Company | 0.31 | 0.31 | 0.35 | 89 | Consumer Cyclical |
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