Looking to balance out your exposure to PSEC? The ETFs below have the lowest correlation with PSEC — they tend to move on their own, which can help reduce risk when PSEC drops. The stock ideas table highlights individual companies that behave independently from PSEC.
Best Diversifiers for PSEC
4 ETFs have low correlation with PSEC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) (Corporate Bonds) with a 1Y correlation of 0.24, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year Investment Grade Corporate Bond E... | 0.24 | 0.18 | 0.15 | 89 | Corporate Bonds | PSEC vs SLQD | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.26 | — | — | 70 | Nasdaq-100, Dividend | PSEC vs GPIQ | |
| Global X NASDAQ 100 Covered Call ETF | 0.27 | 0.28 | 0.40 | 85 | Nasdaq-100, Derivative Income | PSEC vs QYLD | |
| AllianzIM U.S. Large Cap Buffer20 Jan ETF | 0.29 | 0.33 | 0.45 | 83 | Options Trading | PSEC vs JANW | |
| Capital Group Dividend Value ETF | 0.31 | 0.37 | 0.47 | 72 | Large Cap Value Equities, Dividend | PSEC vs CGDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSEC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSEC and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.04 | 0.12 | 0.14 | 74 | Healthcare | |
| Ciena Corporation | -0.02 | 0.12 | 0.24 | 99 | Technology | |
| The Coca-Cola Company | -0.01 | 0.10 | 0.18 | 74 | Consumer Defensive | |
| LTC Properties, Inc. | 0.01 | 0.22 | 0.29 | 66 | Real Estate | |
| The Pennant Group, Inc. | 0.02 | 0.13 | 0.22 | 58 | Healthcare |
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