Looking to diversify beyond PSLV? The ETFs below have historically moved differently from PSLV, 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 PSLV
558 ETFs have low correlation with PSLV (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.26, roughly unchanged from -0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.26 | -0.20 | — | 51 | Cryptocurrency | PSLV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | -0.21 | -0.21 | 69 | Derivative Income | PSLV vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.20 | -0.12 | -0.16 | 51 | Nontraditional Bonds | PSLV vs RISR | |
| Invesco DB Energy Fund | -0.15 | 0.05 | 0.12 | 66 | Oil & Gas | PSLV vs DBE | |
| United States Gasoline Fund, LP | -0.12 | 0.03 | 0.09 | 83 | Oil & Gas | PSLV vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSLV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.14, down from -0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.14 | -0.06 | -0.02 | 87 | Financial Services | |
| Enterprise Products Partners L.P. | -0.13 | 0.04 | 0.13 | 89 | Energy | |
| Altria Group, Inc. | -0.12 | -0.04 | 0.02 | 66 | Consumer Defensive | |
| EOG Resources, Inc. | -0.09 | 0.05 | 0.13 | 73 | Energy | |
| Valero Energy Corporation | -0.07 | 0.03 | 0.08 | 98 | Energy |
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