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
210 ETFs have low correlation with PYLD (below 0.3), 39 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | — | — | 63 | Leveraged Currency | PYLD vs YCS | |
| United States Gasoline Fund LP | -0.41 | — | — | 55 | Oil & Gas | PYLD vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.24 | -0.09 | — | 75 | Commodities | PYLD vs FAAR | |
| VanEck Commodity Strategy ETF | -0.23 | — | — | 57 | Commodities | PYLD vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.21 | — | — | 99 | Ultrashort Bond | PYLD vs CSHP |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.30 | — | — | 65 | Energy | |
| Chevron Corporation | -0.22 | -0.02 | -0.02 | 70 | Energy | |
| Exxon Mobil Corporation | -0.20 | -0.01 | -0.01 | 72 | Energy | |
| BP p.l.c. | -0.15 | -0.01 | -0.01 | 77 | Energy | |
| Energy Transfer LP | -0.12 | 0.02 | 0.02 | 72 | Energy |
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