Looking to balance out your exposure to PYPL? The ETFs below have the lowest correlation with PYPL — they tend to move on their own, which can help reduce risk when PYPL drops. The stock ideas table highlights individual companies that behave independently from PYPL.
Best Diversifiers for PYPL
98 ETFs have low correlation with PYPL (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.09 | -0.03 | 100 | Government Bonds, Ultrashort Bond | PYPL vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.03 | 0.03 | 0.02 | 100 | Government Bonds, Ultrashort Bond | PYPL vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 0.02 | -0.05 | -0.05 | 100 | Government Bonds, Ultrashort Bond | PYPL vs TFLO | |
| iShares 0-3 Month Treasury Bond ETF | 0.04 | -0.03 | -0.00 | 100 | Ultrashort Bond | PYPL vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | 0.04 | 0.05 | 0.05 | 100 | Ultrashort Bond | PYPL vs BOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PYPL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PYPL and solid risk/return profiles. The least correlated is Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.13 | 0.07 | 0.16 | 85 | Energy | |
| The Coca-Cola Company | -0.11 | 0.03 | 0.10 | 74 | Consumer Defensive | |
| Johnson & Johnson | -0.09 | -0.01 | 0.07 | 96 | Healthcare | |
| Welltower Inc. | -0.08 | 0.08 | 0.15 | 86 | Real Estate | |
| Altria Group, Inc. | -0.07 | 0.08 | 0.09 | 72 | Consumer Defensive |
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