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
579 ETFs have low correlation with PSDM (below 0.3), 73 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.54, roughly unchanged from -0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.54 | -0.55 | -0.55 | 51 | Currency | PSDM vs UUP | |
| ProShares UltraShort Yen | -0.48 | — | — | 72 | Leveraged Currency | PSDM vs YCS | |
| United States Gasoline Fund LP | -0.36 | — | — | 78 | Oil & Gas | PSDM vs UGA | |
| Invesco DB Energy Fund | -0.35 | — | — | 53 | Oil & Gas | PSDM vs DBE | |
| Fidelity Managed Futures ETF | -0.35 | — | — | 71 | Systematic Trend | PSDM vs FFUT |
See all 1570 diversifiers for PSDM
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