Looking to diversify beyond PSL? The ETFs below have historically moved differently from PSL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PSL
1419 ETFs have low correlation with PSL (below 0.3), 190 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.21, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.21 | 0.09 | 0.29 | 58 | Leveraged Equities, Semiconductors | PSL vs USD | |
| Pacer Data and Digital Revolution ETF | -0.21 | 0.16 | — | 52 | Technology Equities | PSL vs TRFK | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.19 | 0.01 | 0.01 | 55 | Artificial Intelligence, Technology Equities | PSL vs FAI | |
| WisdomTree Artificial Intelligence and Innovation ... | -0.17 | 0.20 | — | 69 | Artificial Intelligence, Technology Equities | PSL vs WTAI | |
| Invesco DB Oil Fund | -0.16 | -0.09 | 0.02 | 51 | Oil & Gas | PSL vs DBO |
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