Looking to diversify beyond PSFD? The ETFs below have historically moved differently from PSFD, 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 PSFD
218 ETFs have low correlation with PSFD (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.34 | — | 61 | Cryptocurrency | PSFD vs BITI | |
| Alpha Architect Tail Risk ETF | -0.35 | -0.04 | — | 56 | Options Trading | PSFD vs CAOS | |
| Invesco DB Energy Fund | -0.28 | -0.08 | 0.06 | 72 | Oil & Gas | PSFD vs DBE | |
| United States Brent Oil Fund LP | -0.24 | -0.06 | 0.05 | 52 | Oil & Gas | PSFD vs BNO | |
| Invesco DB Oil Fund | -0.23 | -0.05 | 0.06 | 58 | Oil & Gas | PSFD vs DBO |
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