Looking to diversify beyond PYLD? The ETFs below have historically moved differently from PYLD, 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 PYLD
290 ETFs have low correlation with PYLD (below 0.3), 93 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from -0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.20 | — | 72 | Oil & Gas | PYLD vs DBE | |
| United States Brent Oil Fund LP | -0.42 | -0.19 | — | 52 | Oil & Gas | PYLD vs BNO | |
| United States Oil Fund LP | -0.42 | -0.19 | — | 55 | Oil & Gas | PYLD vs USO | |
| ProShares UltraShort Yen | -0.40 | -0.43 | — | 56 | Leveraged Currency | PYLD vs YCS | |
| United States Gasoline Fund, LP | -0.39 | -0.18 | — | 87 | Oil & Gas | PYLD vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PYLD, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.37, down from -0.12 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.37 | -0.12 | — | 72 | Energy | |
| Occidental Petroleum Corporation | -0.33 | -0.07 | — | 70 | Energy | |
| Chevron Corporation | -0.33 | -0.09 | — | 80 | Energy | |
| Devon Energy Corporation | -0.29 | -0.07 | — | 76 | Energy | |
| BP p.l.c. | -0.27 | -0.07 | — | 84 | Energy |
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