Looking to diversify beyond PSCX? The ETFs below have historically moved differently from PSCX, 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 PSCX
221 ETFs have low correlation with PSCX (below 0.3), 47 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.34 | — | 61 | Cryptocurrency | PSCX vs BITI | |
| Alpha Architect Tail Risk ETF | -0.38 | -0.05 | — | 56 | Options Trading | PSCX vs CAOS | |
| Invesco DB Energy Fund | -0.30 | -0.10 | 0.02 | 72 | Oil & Gas | PSCX vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.08 | 0.00 | 52 | Oil & Gas | PSCX vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.07 | 0.02 | 58 | Oil & Gas | PSCX vs DBO |
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