Looking to diversify beyond PY? The ETFs below have the lowest correlation with PY — 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 PY.
Best Diversifiers for PY
191 ETFs have low correlation with PY (below 0.3), 10 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.12 | — | — | 98 | Inflation-Protected Bonds | PY vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.08 | 0.04 | 0.04 | 95 | Inflation-Protected Bonds | PY vs IBID | |
| iShares Diversified Commodity Swap UCITS ETF | -0.05 | 0.00 | -0.02 | 77 | Commodities | PY vs ISCMF | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | -0.06 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PY vs BIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.04 | 0.08 | 0.08 | 99 | Ultrashort Bond | PY vs CSHP |
See all 1158 diversifiers for PY
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Diversification Analysis
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