Looking to balance out your exposure to PSIX? The ETFs below have the lowest correlation with PSIX — they tend to move on their own, which can help reduce risk when PSIX drops. The stock ideas table highlights individual companies that behave independently from PSIX.
Best Diversifiers for PSIX
1 ETFs have low correlation with PSIX (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.12 | -0.04 | -0.03 | 93 | Inflation-Protected Bonds | PSIX vs VTIP | |
| iShares MSCI Spain ETF | 0.32 | 0.18 | 0.12 | 60 | Europe Equities | PSIX vs EWP | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.28 | 0.18 | 74 | S&P 500 | PSIX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSIX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSIX and solid risk/return profiles. The least correlated is Emera Inc (EMA) (Utilities) with a 1Y correlation of -0.08, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Emera Inc | -0.08 | -0.08 | -0.08 | 79 | Utilities | |
| Energy Transfer LP | -0.01 | 0.17 | 0.10 | 74 | Energy | |
| Eli Lilly and Company | -0.00 | 0.06 | 0.01 | 75 | Healthcare | |
| Kinder Morgan, Inc. | 0.01 | 0.10 | 0.07 | 66 | Energy | |
| Welltower Inc. | 0.05 | 0.03 | 0.03 | 80 | Real Estate |
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