Looking to balance out your exposure to PYPL? The ETFs below have historically moved differently from PYPL, 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 PYPL
182 ETFs have low correlation with PYPL (below 0.3), 11 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.13, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.13 | -0.05 | 0.03 | 55 | Oil & Gas | PYPL vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.07 | 0.01 | 0.08 | 71 | Commodities | PYPL vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.07 | 0.00 | 0.07 | 72 | Commodities | PYPL vs PDBC | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.05 | 0.14 | 0.23 | 58 | Energy Equities | PYPL vs XOP | |
| Vanguard Energy ETF | -0.05 | 0.14 | 0.19 | 76 | Energy Equities | PYPL vs VDE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PYPL, 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 Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.12, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.12 | 0.06 | 0.15 | 94 | Energy | |
| Devon Energy Corporation | -0.09 | 0.11 | 0.17 | 76 | Energy | |
| Seagate Technology plc | -0.08 | 0.11 | 0.25 | 99 | Technology | |
| Johnson & Johnson | -0.08 | 0.00 | 0.07 | 97 | Healthcare | |
| Lumentum Holdings Inc. | -0.07 | 0.21 | 0.29 | 98 | Technology |
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