Looking to diversify beyond PSL? The ETFs below have the lowest correlation with PSL — 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 PSL.
Best Diversifiers for PSL
1091 ETFs have low correlation with PSL (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.15, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.15 | -0.07 | 0.05 | 65 | Oil & Gas | PSL vs DBO | |
| ProShares Ultra Bloomberg Crude Oil | -0.13 | -0.05 | 0.06 | 54 | Leveraged Commodities | PSL vs UCO | |
| United States Brent Oil Fund LP | -0.13 | -0.06 | 0.04 | 65 | Oil & Gas | PSL vs BNO | |
| Invesco DB Energy Fund | -0.13 | -0.07 | 0.06 | 71 | Oil & Gas | PSL vs DBE | |
| United States Oil Fund LP | -0.13 | -0.06 | 0.05 | 66 | Oil & Gas | PSL vs USO |
See all 1596 diversifiers for PSL
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