Looking to diversify beyond PSCI? The ETFs below have historically moved differently from PSCI, 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 PSCI
284 ETFs have low correlation with PSCI (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.33 | — | 61 | Cryptocurrency | PSCI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PSCI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | PSCI vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.12 | — | 56 | Options Trading | PSCI vs CAOS | |
| Invesco DB Energy Fund | -0.32 | -0.09 | 0.09 | 72 | Oil & Gas | PSCI vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSCI, 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 United Bankshares, Inc. (UBSI) (Financial Services) with a 1Y correlation of 0.56, down from 0.66 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Bankshares, Inc. | 0.56 | 0.64 | 0.66 | 88 | Financial Services | |
| Arcosa, Inc. | 0.74 | 0.77 | 0.74 | 90 | Industrials | |
| EnPro Industries, Inc. | 0.75 | 0.75 | 0.74 | 79 | Industrials |
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