Looking to diversify beyond PSMO? The ETFs below have the lowest correlation with PSMO — 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 PSMO.
Best Diversifiers for PSMO
195 ETFs have low correlation with PSMO (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.36 | -0.37 | 57 | Cryptocurrency | PSMO vs BITI | |
| Invesco DB Energy Fund | -0.22 | -0.07 | 0.05 | 53 | Oil & Gas | PSMO vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | PSMO vs IBIC | |
| Brookstone Ultra-Short Bond ETF | -0.15 | 0.01 | 0.01 | 99 | Ultrashort Bond | PSMO vs BAMU | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.13 | -0.01 | 0.10 | 51 | Commodities | PSMO vs GSG |
See all 1137 diversifiers for PSMO
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