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
311 ETFs have low correlation with PYLD (below 0.3), 72 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | — | — | 61 | Leveraged Currency | PYLD vs YCS | |
| United States Gasoline Fund LP | -0.40 | — | — | 69 | Oil & Gas | PYLD vs UGA | |
| Invesco DB Energy Fund | -0.39 | — | — | 71 | Oil & Gas | PYLD vs DBE | |
| Invesco DB Oil Fund | -0.37 | -0.15 | -0.15 | 65 | Oil & Gas | PYLD vs DBO | |
| United States Brent Oil Fund LP | -0.37 | — | — | 65 | Oil & Gas | PYLD vs BNO |
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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 -0.22, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.22 | -0.06 | -0.06 | 76 | Energy | |
| Chevron Corporation | -0.19 | -0.01 | -0.01 | 83 | Energy | |
| Exxon Mobil Corporation | -0.17 | -0.01 | -0.01 | 85 | Energy | |
| BP p.l.c. | -0.14 | -0.01 | -0.01 | 87 | Energy | |
| Energy Transfer LP | -0.13 | 0.02 | 0.02 | 69 | Energy |
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