Looking to diversify beyond PVAL? The ETFs below have historically moved differently from PVAL, 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 PVAL
278 ETFs have low correlation with PVAL (below 0.3), 47 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | PVAL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.36 | -0.29 | — | 61 | Cryptocurrency | PVAL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 75 | Derivative Income | PVAL vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PVAL vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.09 | — | 56 | Options Trading | PVAL vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PVAL, 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 -0.04, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.04 | 0.16 | 0.27 | 66 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.02 | 0.24 | 0.38 | 70 | Energy | |
| Chevron Corporation | 0.01 | 0.26 | 0.40 | 80 | Energy | |
| Duke Energy Corporation | 0.01 | 0.18 | 0.26 | 56 | Utilities | |
| ConocoPhillips Company | 0.02 | 0.25 | 0.39 | 72 | Energy |
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