Looking to diversify beyond PSLV? The ETFs below have the lowest correlation with PSLV — 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 PSLV.
Best Diversifiers for PSLV
527 ETFs have low correlation with PSLV (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.19 | -0.21 | 53 | Cryptocurrency | PSLV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 65 | Inverse Equities, Leveraged Equities | PSLV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 70 | Derivative Income | PSLV vs WNTR | |
| Invesco DB Energy Fund | -0.15 | 0.05 | 0.12 | 57 | Oil & Gas | PSLV vs DBE | |
| ProShares UltraShort Yen | -0.13 | -0.17 | -0.26 | 72 | Leveraged Currency | PSLV vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSLV and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.10, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.10 | -0.06 | -0.01 | 83 | Financial Services | |
| Enterprise Products Partners L.P. | -0.10 | 0.06 | 0.14 | 85 | Energy | |
| Altria Group, Inc. | -0.08 | -0.03 | 0.04 | 78 | Consumer Defensive | |
| Valero Energy Corporation | -0.08 | 0.02 | 0.08 | 96 | Energy | |
| The Coca-Cola Company | -0.05 | -0.01 | 0.07 | 82 | Consumer Defensive |
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