Looking to diversify beyond PID? The ETFs below have the lowest correlation with PID — 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 PID.
Best Diversifiers for PID
326 ETFs have low correlation with PID (below 0.3), 20 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.26 | -0.21 | 73 | Leveraged Currency | PID vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 70 | Inverse Equities, Leveraged Equities | PID vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.31 | -0.25 | — | 52 | Cryptocurrency | PID vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 73 | Derivative Income | PID vs WNTR | |
| United States Gasoline Fund LP | -0.14 | -0.01 | 0.16 | 84 | Oil & Gas | PID vs UGA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PID, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PID and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of 0.08, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | 0.08 | 0.21 | 0.32 | 97 | Energy | |
| Energy Transfer LP | 0.14 | 0.29 | 0.41 | 83 | Energy | |
| AbbVie Inc. | 0.21 | 0.29 | 0.28 | 81 | Healthcare | |
| Berkshire Hathaway Inc. | 0.21 | 0.39 | 0.52 | 53 | Financial Services | |
| MSCI Inc. | 0.23 | 0.33 | 0.46 | 59 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PID
Add PID to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PID