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
700 ETFs have low correlation with PYPY (below 0.3), 24 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | — | — | 100 | Government Bonds, Ultrashort Bond | PYPY vs BIL | |
| First Trust Alternative Absolute Return Strategy E... | -0.10 | — | — | 70 | Commodities | PYPY vs FAAR | |
| ProShares UltraShort Yen | -0.09 | — | — | 61 | Leveraged Currency | PYPY vs YCS | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | PYPY vs CSHP | |
| Obra Opportunistic Structured Products ETF | -0.06 | — | — | 72 | Multisector Bonds | PYPY vs OOSP |
See all 1570 diversifiers for PYPY
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Diversification Analysis
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