Looking to balance out your exposure to PSHZF? The ETFs below have the lowest correlation with PSHZF — they tend to move on their own, which can help reduce risk when PSHZF drops. The stock ideas table highlights individual companies that behave independently from PSHZF.
Best Diversifiers for PSHZF
0 ETFs have low correlation with PSHZF (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.47, roughly unchanged from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.47 | 0.45 | 0.50 | 73 | Nasdaq-100 | PSHZF vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.49 | 0.53 | 70 | S&P 500 | PSHZF vs SPY | |
| Vanguard S&P 500 ETF | 0.51 | 0.49 | 0.53 | 70 | S&P 500 | PSHZF vs VOO | |
| iShares Russell 1000 ETF | 0.51 | 0.49 | 0.53 | 67 | Large Cap Blend Equities | PSHZF vs IWB |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSHZF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSHZF and solid risk/return profiles. The least correlated is Loews Corporation (L) (Financial Services) with a 1Y correlation of -0.04, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loews Corporation | -0.04 | 0.14 | 0.25 | 71 | Financial Services | |
| Brookfield Corp | 0.38 | 0.42 | 0.47 | 53 | Financial Services |
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