Looking to diversify beyond PICK? The ETFs below have the lowest correlation with PICK — 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 PICK.
Best Diversifiers for PICK
296 ETFs have low correlation with PICK (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.21 | -0.16 | 61 | Leveraged Currency | PICK vs YCS | |
| United States Oil Fund LP | -0.22 | 0.07 | 0.22 | 66 | Oil & Gas | PICK vs USO | |
| United States Brent Oil Fund LP | -0.22 | 0.07 | 0.21 | 65 | Oil & Gas | PICK vs BNO | |
| Invesco DB Energy Fund | -0.21 | 0.07 | 0.23 | 71 | Oil & Gas | PICK vs DBE | |
| United States Gasoline Fund LP | -0.20 | 0.06 | 0.20 | 69 | Oil & Gas | PICK vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PICK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PICK and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.01, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.01 | 0.25 | 0.39 | 83 | Energy | |
| Exxon Mobil Corporation | 0.01 | 0.24 | 0.38 | 85 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.08 | 0.30 | 0.36 | 86 | Energy | |
| Archer-Daniels-Midland Company | 0.17 | 0.28 | 0.38 | 94 | Consumer Defensive | |
| Howmet Aerospace Inc. | 0.28 | 0.32 | 0.42 | 79 | Industrials |
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