Looking to diversify beyond PSI? The ETFs below have the lowest correlation with PSI — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PSI.
Best Diversifiers for PSI
382 ETFs have low correlation with PSI (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.32 | -0.35 | 57 | Cryptocurrency | PSI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PSI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.38 | -0.38 | 68 | Inverse Equities, Leveraged Equities | PSI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | PSI vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.20 | -0.10 | -0.06 | 100 | Government Bonds, Ultrashort Bond | PSI vs USFR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSI and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.36, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.36 | -0.12 | 0.03 | 53 | Industrials | |
| Altria Group, Inc. | -0.30 | -0.18 | -0.06 | 81 | Consumer Defensive | |
| Chubb Limited | -0.28 | -0.11 | 0.06 | 86 | Financial Services | |
| Duke Energy Corporation | -0.27 | -0.21 | -0.11 | 66 | Utilities | |
| Colgate-Palmolive Company | -0.25 | -0.18 | -0.07 | 53 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PSI
Add PSI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PSI