Looking to diversify beyond PSIL? The ETFs below have historically moved differently from PSIL, 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 PSIL
481 ETFs have low correlation with PSIL (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.30, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.30 | -0.26 | — | 61 | Cryptocurrency | PSIL vs BITI | |
| Alpha Architect Tail Risk ETF | -0.19 | -0.12 | — | 56 | Options Trading | PSIL vs CAOS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 97 | Inflation-Protected Bonds | PSIL vs IBID | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.05 | — | 100 | Ultrashort Bond | PSIL vs SGOV | |
| Invesco DB Energy Fund | -0.15 | -0.01 | — | 72 | Oil & Gas | PSIL vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSIL, 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 Mueller Industries, Inc. (MLI) (Industrials) with a 1Y correlation of 0.16, roughly unchanged from 0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mueller Industries, Inc. | 0.16 | 0.25 | — | 86 | Industrials | |
| Alkermes plc | 0.29 | 0.23 | 0.22 | 91 | Healthcare | |
| Definium Therapeutics, Inc | 0.62 | 0.58 | 0.54 | 99 | Healthcare | |
| COMPASS Pathways plc | 0.68 | 0.56 | — | 91 | Healthcare |
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