Looking to diversify beyond PSFO? The ETFs below have historically moved differently from PSFO, 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 PSFO
212 ETFs have low correlation with PSFO (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.49, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.49 | -0.35 | — | 61 | Cryptocurrency | PSFO vs BITI | |
| Alpha Architect Tail Risk ETF | -0.36 | -0.09 | — | 56 | Options Trading | PSFO vs CAOS | |
| Invesco DB Energy Fund | -0.25 | -0.09 | — | 72 | Oil & Gas | PSFO vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.08 | — | 52 | Oil & Gas | PSFO vs BNO | |
| Invesco DB Oil Fund | -0.20 | -0.06 | — | 58 | Oil & Gas | PSFO vs DBO |
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