Looking to diversify beyond PYPY? The ETFs below have the lowest correlation with PYPY — 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 PYPY.
Best Diversifiers for PYPY
800 ETFs have low correlation with PYPY (below 0.3), 44 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.40, roughly unchanged from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.40 | -0.40 | -0.40 | 99 | Leveraged Equities, Semiconductors | PYPY vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 60 | Inverse Equities, Leveraged Equities | PYPY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | -0.32 | -0.32 | 65 | Derivative Income | PYPY vs WNTR | |
| United States Gasoline Fund LP | -0.12 | -0.07 | -0.07 | 72 | Oil & Gas | PYPY vs UGA | |
| ProShares UltraShort Yen | -0.11 | -0.04 | -0.04 | 75 | Leveraged Currency | PYPY vs YCS |
See all 1554 diversifiers for PYPY
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