Looking to diversify beyond PPTY? The ETFs below have historically moved differently from PPTY, 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 PPTY
591 ETFs have low correlation with PPTY (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.24 | -0.13 | 0.02 | 72 | Oil & Gas | PPTY vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.12 | 0.01 | 52 | Oil & Gas | PPTY vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.22 | -0.09 | 0.05 | 67 | Commodities | PPTY vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.21 | -0.07 | 0.07 | 71 | Commodities | PPTY vs DBC | |
| Invesco DB Oil Fund | -0.20 | -0.10 | 0.03 | 58 | Oil & Gas | PPTY vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PPTY, 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 Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of 0.50, down from 0.65 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | 0.50 | 0.58 | 0.65 | 89 | Real Estate |
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