Looking to diversify beyond PSCE? The ETFs below have historically moved differently from PSCE, 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 PSCE
1578 ETFs have low correlation with PSCE (below 0.3), 269 of which are negatively correlated. The least correlated is Franklin Short Duration U.S. Government ETF (FTSD) (Mortgage Backed Securities) with a 1Y correlation of -0.27, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Short Duration U.S. Government ETF | -0.27 | -0.12 | -0.09 | 96 | Mortgage Backed Securities | PSCE vs FTSD | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.27 | -0.09 | — | 65 | Municipal Bonds | PSCE vs BSMW | |
| Vanguard Tax-Exempt Bond ETF | -0.26 | -0.06 | -0.05 | 74 | Municipal Bonds | PSCE vs VTEB | |
| Schwab Municipal Bond ETF | -0.25 | -0.04 | -0.06 | 67 | Municipal Bonds | PSCE vs SCMB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.25 | -0.04 | -0.05 | 82 | Municipal Bonds | PSCE vs FLMI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSCE, 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 Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.17 | -0.02 | 0.06 | 94 | Consumer Defensive | |
| CareTrust REIT, Inc. | -0.07 | 0.02 | 0.13 | 84 | Real Estate | |
| Jazz Pharmaceuticals plc | -0.06 | 0.14 | 0.22 | 98 | Healthcare | |
| The Coca-Cola Company | -0.05 | -0.02 | 0.07 | 90 | Consumer Defensive | |
| Indivior PLC Ordinary Shares | -0.04 | 0.16 | 0.10 | 95 | Healthcare |
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