Looking to diversify beyond PSDM? The ETFs below have historically moved differently from PSDM, 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 PSDM
571 ETFs have low correlation with PSDM (below 0.3), 95 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | — | — | 59 | Leveraged Currency | PSDM vs YCS | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.40 | -0.41 | — | 51 | Nontraditional Bonds | PSDM vs RISR | |
| Invesco DB Oil Fund | -0.40 | -0.20 | — | 51 | Oil & Gas | PSDM vs DBO | |
| Invesco DB Energy Fund | -0.39 | -0.20 | — | 66 | Oil & Gas | PSDM vs DBE | |
| Fidelity Managed Futures ETF | -0.36 | — | — | 85 | Systematic Trend, Actively Managed | PSDM vs FFUT |
See all 1791 diversifiers for PSDM
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