Looking to diversify beyond PPA? The ETFs below have historically moved differently from PPA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PPA
370 ETFs have low correlation with PPA (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.29 | — | 51 | Cryptocurrency | PPA vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | PPA vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | PPA vs RBIL | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.17 | -0.10 | -0.04 | 51 | Nontraditional Bonds | PPA vs RISR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | -0.05 | -0.05 | 98 | Inflation-Protected Bonds | PPA vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PPA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.01 | 0.17 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.11 | 0.05 | 0.21 | 87 | Consumer Defensive | |
| Verizon Communications Inc. | -0.10 | -0.00 | 0.14 | 66 | Communication Services | |
| Exxon Mobil Corporation | -0.10 | 0.11 | 0.27 | 85 | Energy | |
| Chevron Corporation | -0.09 | 0.12 | 0.29 | 79 | Energy |
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