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
754 ETFs have low correlation with PSLV (below 0.3), 23 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.13 | 0.06 | 0.13 | 65 | Oil & Gas | PSLV vs BNO | |
| Invesco DB Energy Fund | -0.13 | 0.06 | 0.13 | 71 | Oil & Gas | PSLV vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.12 | 0.04 | 0.04 | 56 | Derivative Income | PSLV vs USOY | |
| ProShares UltraShort Yen | -0.10 | -0.17 | -0.26 | 61 | Leveraged Currency | PSLV vs YCS | |
| United States Gasoline Fund LP | -0.10 | 0.04 | 0.10 | 69 | Oil & Gas | PSLV vs UGA |
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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 Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.06, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.06 | 0.07 | 0.16 | 85 | Energy | |
| Valero Energy Corporation | -0.05 | 0.02 | 0.09 | 93 | Energy | |
| Duke Energy Corporation | -0.04 | 0.05 | 0.10 | 53 | Utilities | |
| MSCI Inc. | -0.03 | 0.04 | 0.08 | 50 | Financial Services | |
| Altria Group, Inc. | -0.03 | 0.00 | 0.07 | 69 | Consumer Defensive |
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