Looking to diversify beyond PSH? The ETFs below have historically moved differently from PSH, 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 PSH
194 ETFs have low correlation with PSH (below 0.3), 50 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | — | — | 61 | Cryptocurrency | PSH vs BITI | |
| Invesco DB Energy Fund | -0.27 | — | — | 72 | Oil & Gas | PSH vs DBE | |
| United States Brent Oil Fund LP | -0.25 | — | — | 52 | Oil & Gas | PSH vs BNO | |
| Invesco DB Oil Fund | -0.24 | — | — | 58 | Oil & Gas | PSH vs DBO | |
| DoubleLine Commodity Strategy ETF | -0.20 | -0.03 | -0.03 | 63 | Commodities | PSH vs DCMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.05, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.05 | 0.23 | 0.23 | 61 | Financial Services |
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