Looking to diversify beyond PYLD? The ETFs below have the lowest correlation with PYLD — 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 PYLD.
Best Diversifiers for PYLD
263 ETFs have low correlation with PYLD (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.42 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.49 | -0.42 | — | 51 | Currency | PYLD vs UUP | |
| ProShares UltraShort Yen | -0.44 | -0.42 | — | 72 | Leveraged Currency | PYLD vs YCS | |
| Invesco DB Energy Fund | -0.39 | -0.17 | — | 53 | Oil & Gas | PYLD vs DBE | |
| United States Gasoline Fund LP | -0.39 | -0.15 | — | 78 | Oil & Gas | PYLD vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.11 | -0.11 | 51 | Commodities | PYLD vs GSG |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PYLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PYLD and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.31, down from -0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.31 | -0.09 | — | 66 | Energy | |
| Devon Energy Corporation | -0.24 | -0.05 | -0.04 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.22 | -0.02 | -0.02 | 62 | Energy | |
| Chevron Corporation | -0.22 | -0.03 | -0.02 | 70 | Energy | |
| BP p.l.c. | -0.22 | -0.03 | -0.03 | 75 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PYLD
Add PYLD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PYLD