Looking to diversify beyond PICK? The ETFs below have historically moved differently from PICK, 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 PICK
384 ETFs have low correlation with PICK (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.29 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.29 | — | 61 | Cryptocurrency | PICK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PICK vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 61 | Inverse Equities, Leveraged Equities | PICK vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 75 | Derivative Income | PICK vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.11 | — | 56 | Options Trading | PICK vs CAOS |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PICK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Omega Healthcare Investors, Inc. (OHI) (Real Estate) with a 1Y correlation of -0.16, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Omega Healthcare Investors, Inc. | -0.16 | 0.03 | 0.15 | 90 | Real Estate | |
| CareTrust REIT, Inc. | -0.05 | 0.08 | 0.17 | 84 | Real Estate | |
| Chevron Corporation | -0.03 | 0.20 | 0.36 | 80 | Energy | |
| Berkshire Hathaway Inc. | -0.03 | 0.18 | 0.35 | 61 | Financial Services | |
| Exxon Mobil Corporation | -0.00 | 0.21 | 0.36 | 84 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PICK
Add PICK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PICK