Looking to diversify beyond PSDM? The ETFs below have the lowest correlation with PSDM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PSDM.
Best Diversifiers for PSDM
929 ETFs have low correlation with PSDM (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.53, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.53 | -0.52 | -0.52 | 61 | Leveraged Currency | PSDM vs YCS | |
| United States Gasoline Fund LP | -0.37 | -0.20 | -0.20 | 69 | Oil & Gas | PSDM vs UGA | |
| Defiance Oil Enhanced Options Income ETF | -0.36 | -0.23 | -0.23 | 56 | Derivative Income | PSDM vs USOY | |
| ProShares Ultra Bloomberg Crude Oil | -0.36 | -0.17 | -0.17 | 54 | Leveraged Commodities | PSDM vs UCO | |
| United States Brent Oil Fund LP | -0.36 | — | — | 65 | Oil & Gas | PSDM vs BNO |
See all 1607 diversifiers for PSDM
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