Looking to diversify beyond PYZ? The ETFs below have historically moved differently from PYZ, 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 PYZ
237 ETFs have low correlation with PYZ (below 0.3), 21 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.31 | — | 61 | Cryptocurrency | PYZ vs BITI | |
| Alpha Architect Tail Risk ETF | -0.23 | -0.08 | — | 56 | Options Trading | PYZ vs CAOS | |
| Invesco DB Energy Fund | -0.15 | 0.02 | 0.18 | 72 | Oil & Gas | PYZ vs DBE | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | — | — | 97 | Inflation-Protected Bonds | PYZ vs IBID | |
| United States Brent Oil Fund LP | -0.12 | 0.04 | 0.17 | 52 | Oil & Gas | PYZ vs BNO |
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