Looking to diversify beyond PSK? The ETFs below have the lowest correlation with PSK — 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 PSK.
Best Diversifiers for PSK
284 ETFs have low correlation with PSK (below 0.3), 42 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.24 | -0.06 | 0.03 | 66 | Oil & Gas | PSK vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.24 | — | — | 56 | Derivative Income | PSK vs USOY | |
| Invesco DB Energy Fund | -0.23 | -0.06 | 0.03 | 71 | Oil & Gas | PSK vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.05 | 0.03 | 65 | Oil & Gas | PSK vs BNO | |
| ProShares UltraShort Yen | -0.22 | -0.25 | -0.23 | 63 | Leveraged Currency | PSK vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSK and solid risk/return profiles. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.24, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.24 | 0.31 | 0.38 | 79 | Financial Services | |
| AGNC Investment Corp. | 0.45 | 0.51 | 0.48 | 77 | Real Estate |
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