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
1110 ETFs have low correlation with PSL (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.13, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.13 | -0.07 | -0.03 | 73 | Leveraged Currency | PSL vs YCS | |
| ProShares Ultra Semiconductors | -0.13 | 0.14 | 0.32 | 82 | Leveraged Equities, Semiconductors | PSL vs USD | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.11 | — | — | 60 | Technology Equities | PSL vs FAI | |
| Pacer Data and Digital Revolution ETF | -0.09 | 0.22 | — | 76 | Technology Equities | PSL vs TRFK | |
| Calvert Ultra-Short Investment Grade ETF | -0.07 | 0.01 | — | 98 | Ultrashort Bond | PSL vs CVSB |
See all 1449 diversifiers for PSL
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