Looking to diversify beyond PSCE? The ETFs below have the lowest correlation with PSCE — 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 PSCE.
Best Diversifiers for PSCE
1388 ETFs have low correlation with PSCE (below 0.3), 250 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.27, down from -0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.27 | -0.08 | — | 71 | Municipal Bonds | PSCE vs BSMW | |
| Franklin Short Duration U.S. Government ETF | -0.26 | -0.11 | -0.08 | 96 | Mortgage Backed Securities | PSCE vs FTSD | |
| FlexShares Ultra-Short Income ETF | -0.23 | -0.08 | -0.01 | 99 | Ultrashort Bond | PSCE vs RAVI | |
| Avantis Credit ETF | -0.23 | — | — | 54 | Global Bonds | PSCE vs AVGB | |
| Vanguard Tax-Exempt Bond ETF | -0.22 | -0.04 | -0.05 | 80 | Municipal Bonds | PSCE vs VTEB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSCE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSCE and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.16 | -0.01 | 0.06 | 93 | Consumer Defensive | |
| CareTrust REIT, Inc. | -0.05 | 0.02 | 0.14 | 84 | Real Estate | |
| Jazz Pharmaceuticals plc | -0.05 | 0.15 | 0.23 | 98 | Healthcare | |
| Indivior PLC Ordinary Shares | -0.03 | 0.15 | 0.10 | 98 | Healthcare | |
| The Coca-Cola Company | -0.03 | -0.01 | 0.07 | 83 | Consumer Defensive |
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