Looking to diversify beyond PVAL? The ETFs below have the lowest correlation with PVAL — 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 PVAL.
Best Diversifiers for PVAL
252 ETFs have low correlation with PVAL (below 0.3), 37 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.37, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.34 | -0.34 | 68 | Inverse Equities, Leveraged Equities | PVAL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.36 | -0.29 | -0.33 | 57 | Cryptocurrency | PVAL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PVAL vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | PVAL vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.34 | -0.27 | -0.33 | 51 | Currency | PVAL vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PVAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PVAL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.16 | 0.28 | 81 | Consumer Defensive | |
| Occidental Petroleum Corporation | 0.01 | 0.25 | 0.40 | 62 | Energy | |
| The Coca-Cola Company | 0.03 | 0.20 | 0.32 | 83 | Consumer Defensive | |
| Chevron Corporation | 0.03 | 0.26 | 0.38 | 70 | Energy | |
| Duke Energy Corporation | 0.03 | 0.18 | 0.24 | 66 | Utilities |
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