Looking to balance out your exposure to PSA? The ETFs below have the lowest correlation with PSA — they tend to move on their own, which can help reduce risk when PSA drops. The stock ideas table highlights individual companies that behave independently from PSA.
Best Diversifiers for PSA
12 ETFs have low correlation with PSA (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.06 | 0.08 | 0.21 | 54 | Technology Equities | PSA vs XLK | |
| Invesco QQQ ETF | 0.02 | 0.14 | 0.25 | 53 | Nasdaq-100 | PSA vs QQQ | |
| iShares 0-3 Month Treasury Bond ETF | 0.05 | 0.07 | 0.02 | 100 | Ultrashort Bond | PSA vs SGOV | |
| State Street Energy Select Sector SPDR ETF | 0.07 | 0.15 | 0.16 | 59 | Energy Equities | PSA vs XLE | |
| iShares MSCI All Country Asia ex-Japan ETF | 0.09 | 0.21 | 0.20 | 55 | Asia Pacific Equities | PSA vs AAXJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSA and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.13 | -0.06 | 0.07 | 63 | Technology | |
| Broadcom Inc. | -0.12 | 0.01 | 0.12 | 67 | Technology | |
| CrowdStrike Holdings, Inc. | -0.09 | 0.01 | 0.10 | 81 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.05 | 0.05 | 0.12 | 89 | Technology | |
| Cisco Systems, Inc. | -0.05 | 0.16 | 0.26 | 91 | Technology |
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