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
550 ETFs have low correlation with PSLV (below 0.3), 11 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.12, up from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.12 | -0.17 | -0.26 | 63 | Leveraged Currency | PSLV vs YCS | |
| United States Gasoline Fund LP | -0.12 | 0.04 | 0.09 | 55 | Oil & Gas | PSLV vs UGA | |
| BlackRock Floating Rate Loan ETF | -0.08 | -0.01 | — | 50 | Bank Loan | PSLV vs BRLN | |
| Roundhill Weekly T-Bill ETF | -0.06 | — | — | 99 | Ultrashort Bond | PSLV vs WEEK | |
| Breakwave Tanker Shipping ETF | -0.03 | 0.08 | — | 98 | Commodities | PSLV vs BWET |
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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 -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.08 | 0.07 | 0.15 | 85 | Energy | |
| Valero Energy Corporation | -0.06 | 0.03 | 0.09 | 91 | Energy | |
| The Coca-Cola Company | -0.04 | 0.01 | 0.07 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.04 | -0.00 | 0.06 | 72 | Consumer Defensive | |
| Chubb Limited | -0.04 | -0.03 | 0.01 | 69 | Financial Services |
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