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
5 ETFs have low correlation with PSEC (below 0.3), 1 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.08, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.08 | 0.03 | 0.12 | 66 | Oil & Gas | PSEC vs USO | |
| iShares 0-5 Year Investment Grade Corporate Bond E... | 0.23 | 0.18 | 0.15 | 88 | Corporate Bonds | PSEC vs SLQD | |
| Global X NASDAQ 100 Covered Call ETF | 0.25 | 0.27 | 0.40 | 88 | Nasdaq-100, Derivative Income | PSEC vs QYLD | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | 0.25 | 0.28 | 0.28 | 81 | Nasdaq-100, Dividend | PSEC vs GPIQ | |
| AllianzIM U.S. Large Cap Buffer20 Jan ETF | 0.29 | 0.32 | 0.45 | 85 | Options Trading | PSEC vs JANW |
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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 Ciena Corporation (CIEN) (Technology) with a 1Y correlation of -0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ciena Corporation | -0.03 | 0.12 | 0.24 | 99 | Technology | |
| AbbVie Inc. | 0.02 | 0.13 | 0.15 | 62 | Healthcare | |
| The Coca-Cola Company | 0.02 | 0.10 | 0.19 | 66 | Consumer Defensive | |
| The Hershey Company | 0.04 | 0.06 | 0.10 | 55 | Consumer Defensive | |
| Tele2 AB | 0.05 | 0.06 | 0.13 | 69 | Communication Services |
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