Looking to diversify beyond PSCD? The ETFs below have historically moved differently from PSCD, 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 PSCD
201 ETFs have low correlation with PSCD (below 0.3), 47 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.36, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.36 | -0.11 | 0.04 | 72 | Oil & Gas | PSCD vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.09 | 0.04 | 52 | Oil & Gas | PSCD vs BNO | |
| Invesco DB Oil Fund | -0.31 | -0.08 | 0.05 | 58 | Oil & Gas | PSCD vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.28 | -0.04 | 0.09 | 67 | Commodities | PSCD vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.27 | -0.04 | 0.08 | 58 | Commodities | PSCD vs COMT |
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