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
175 ETFs have low correlation with PYZ (below 0.3), 16 of which are negatively correlated. The least correlated is iShares iBonds Oct 2027 Term TIPS ETF (IBID) (Inflation-Protected Bonds) with a 1Y correlation of -0.10, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.10 | 0.06 | 0.06 | 95 | Inflation-Protected Bonds | PYZ vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.09 | 0.04 | 0.04 | 98 | Inflation-Protected Bonds | PYZ vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | 0.05 | 0.05 | 99 | Ultrashort Bond | PYZ vs CSHP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | -0.07 | -0.01 | 100 | Government Bonds, Ultrashort Bond | PYZ vs BIL | |
| TCW AAA CLO ETF | -0.04 | 0.02 | 0.02 | 99 | CLO | PYZ vs ACLO |
See all 1076 diversifiers for PYZ
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Diversification Analysis
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