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
241 ETFs have low correlation with PY (below 0.3), 17 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 | -0.07 | — | — | 96 | Inflation-Protected Bonds | PY vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.06 | — | — | 99 | Ultrashort Bond | PY vs CSHP | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.05 | 0.08 | 0.05 | 91 | Municipal Bonds | PY vs IBMO | |
| Harbor Commodity All-Weather Strategy ETF | -0.04 | 0.08 | — | 69 | Commodities | PY vs HGER |
See all 1142 diversifiers for PY
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Diversification Analysis
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