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
246 ETFs have low correlation with PSK (below 0.3), 53 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.39, down from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.26 | -0.26 | 68 | Inverse Equities, Leveraged Equities | PSK vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PSK vs SBIT | |
| ProShares Short Bitcoin ETF | -0.38 | -0.24 | -0.24 | 57 | Cryptocurrency | PSK vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | PSK vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | -0.33 | -0.33 | 51 | Currency | PSK vs UUP |
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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 0.26, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.26 | 0.31 | 0.38 | 74 | Financial Services | |
| AGNC Investment Corp. | 0.46 | 0.51 | 0.49 | 83 | Real Estate |
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