Looking to diversify beyond PPA? The ETFs below have the lowest correlation with PPA — 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 PPA.
Best Diversifiers for PPA
369 ETFs have low correlation with PPA (below 0.3), 35 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SGI Enhanced Core ETF | -0.12 | — | — | 94 | Intermediate Core Bond | PPA vs USDX | |
| Invesco DB Energy Fund | -0.11 | 0.01 | 0.13 | 71 | Oil & Gas | PPA vs DBE | |
| ProShares UltraShort Yen | -0.10 | 0.01 | -0.00 | 61 | Leveraged Currency | PPA vs YCS | |
| United States Gasoline Fund LP | -0.10 | 0.01 | 0.10 | 69 | Oil & Gas | PPA vs UGA | |
| United States Brent Oil Fund LP | -0.07 | 0.02 | 0.13 | 65 | Oil & Gas | PPA vs BNO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PPA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PPA and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.12, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.12 | 0.03 | 0.16 | 59 | Communication Services | |
| Altria Group, Inc. | -0.08 | 0.07 | 0.20 | 69 | Consumer Defensive | |
| PepsiCo, Inc. | -0.08 | 0.09 | 0.21 | 56 | Consumer Defensive | |
| The Coca-Cola Company | -0.04 | 0.09 | 0.25 | 66 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.04 | -0.00 | 0.15 | 68 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PPA
Add PPA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PPA