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
294 ETFs have low correlation with PPA (below 0.3), 25 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.14, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.14 | -0.01 | 0.09 | 55 | Oil & Gas | PPA vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.02 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PPA vs USFR | |
| ProShares UltraShort Yen | -0.12 | -0.01 | -0.00 | 63 | Leveraged Currency | PPA vs YCS | |
| SGI Enhanced Core ETF | -0.12 | — | — | 95 | Intermediate Core Bond | PPA vs USDX | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.07 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PPA vs BIL |
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 -0.13, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.13 | 0.01 | 0.14 | 66 | Communication Services | |
| Altria Group, Inc. | -0.10 | 0.04 | 0.19 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.09 | 0.13 | 0.29 | 72 | Energy | |
| PepsiCo, Inc. | -0.08 | 0.08 | 0.20 | 61 | Consumer Defensive | |
| The Coca-Cola Company | -0.05 | 0.10 | 0.24 | 74 | Consumer Defensive |
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