Looking to diversify beyond PSCW? The ETFs below have historically moved differently from PSCW, 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 PSCW
231 ETFs have low correlation with PSCW (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, down 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 | -0.43 | -0.33 | — | 61 | Cryptocurrency | PSCW vs BITI | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.03 | — | 56 | Options Trading | PSCW vs CAOS | |
| Invesco DB Energy Fund | -0.18 | -0.05 | 0.07 | 72 | Oil & Gas | PSCW vs DBE | |
| United States Brent Oil Fund LP | -0.16 | -0.04 | 0.05 | 52 | Oil & Gas | PSCW vs BNO | |
| Brookstone Ultra-Short Bond ETF | -0.13 | — | — | 99 | Ultrashort Bond | PSCW vs BAMU |
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