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 Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.34, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.34 | 0.39 | 0.47 | 50 | Technology Equities | PSHZF vs VGT | |
| Invesco QQQ ETF | 0.39 | 0.43 | 0.48 | 53 | Nasdaq-100 | PSHZF vs QQQ | |
| Franklin FTSE Japan Hedged ETF | 0.40 | 0.34 | 0.40 | 88 | Japan Equities, Asia Pacific Equities | PSHZF vs FLJH | |
| Vanguard S&P 500 ETF | 0.45 | 0.47 | 0.52 | 66 | S&P 500 | PSHZF vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.47 | 0.52 | 65 | S&P 500 | PSHZF vs SPY |
To view more results, upgrade your current subscription plan.
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 -0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Loews Corporation | -0.01 | 0.14 | 0.24 | 84 | Financial Services | |
| Berkshire Hathaway Inc. | 0.13 | 0.19 | 0.32 | 53 | Financial Services | |
| Berkshire Hathaway Inc. | 0.14 | 0.20 | 0.31 | 53 | Financial Services | |
| NVIDIA Corporation | 0.23 | 0.32 | 0.40 | 63 | Technology | |
| Apple Inc | 0.29 | 0.27 | 0.35 | 93 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PSHZF
Add PSHZF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PSHZF