Looking to diversify beyond PSCH? The ETFs below have historically moved differently from PSCH, 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 PSCH
231 ETFs have low correlation with PSCH (below 0.3), 47 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.33 | -0.14 | -0.02 | 52 | Oil & Gas | PSCH vs BNO | |
| Invesco DB Energy Fund | -0.32 | -0.15 | -0.02 | 72 | Oil & Gas | PSCH vs DBE | |
| ProShares Short Bitcoin ETF | -0.32 | -0.31 | — | 61 | Cryptocurrency | PSCH vs BITI | |
| Invesco DB Oil Fund | -0.30 | -0.12 | -0.01 | 58 | Oil & Gas | PSCH vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.07 | 0.03 | 67 | Commodities | PSCH vs GSG |
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