Looking to diversify beyond PSCM? The ETFs below have historically moved differently from PSCM, 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 PSCM
227 ETFs have low correlation with PSCM (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.26 | — | 61 | Cryptocurrency | PSCM vs BITI | |
| Alpha Architect Tail Risk ETF | -0.24 | -0.12 | — | 56 | Options Trading | PSCM vs CAOS | |
| Invesco DB Energy Fund | -0.19 | -0.03 | 0.14 | 72 | Oil & Gas | PSCM vs DBE | |
| United States Brent Oil Fund LP | -0.15 | -0.01 | 0.13 | 52 | Oil & Gas | PSCM vs BNO | |
| Invesco DB Oil Fund | -0.13 | 0.01 | 0.15 | 58 | Oil & Gas | PSCM vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSCM, 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 Trinity Capital Inc. (TRIN) (Financial Services) with a 1Y correlation of 0.31, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Trinity Capital Inc. | 0.31 | 0.35 | 0.36 | 84 | Financial Services |
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