Looking to diversify beyond PSMD? The ETFs below have historically moved differently from PSMD, 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 PSMD
207 ETFs have low correlation with PSMD (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.34 | — | 51 | Cryptocurrency | PSMD vs BITI | |
| Invesco DB Energy Fund | -0.27 | -0.07 | 0.05 | 66 | Oil & Gas | PSMD vs DBE | |
| Invesco DB Oil Fund | -0.19 | -0.04 | 0.05 | 51 | Oil & Gas | PSMD vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | PSMD vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | 0.00 | 0.10 | 61 | Commodities | PSMD vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSMD, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.18 | 0.28 | 60 | Consumer Defensive |
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