Looking to diversify beyond PYZ? The ETFs below have the lowest correlation with PYZ — 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 PYZ.
Best Diversifiers for PYZ
211 ETFs have low correlation with PYZ (below 0.3), 14 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.30 | -0.33 | 57 | Cryptocurrency | PYZ vs BITI | |
| Invesco DB Energy Fund | -0.17 | 0.02 | 0.18 | 53 | Oil & Gas | PYZ vs DBE | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.11 | — | — | 96 | Inflation-Protected Bonds | PYZ vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.09 | — | — | 98 | Inflation-Protected Bonds | PYZ vs IBIC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.08 | -0.02 | 100 | Government Bonds, Ultrashort Bond | PYZ vs BIL |
See all 1148 diversifiers for PYZ
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PYZ
Add PYZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PYZ