Looking to balance out your exposure to PSMT? The ETFs below have historically moved differently from PSMT, 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 PSMT
0 ETFs have low correlation with PSMT (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P Mid-Cap 400 Value ETF (IJJ) (Mid Cap Value Equities) with a 1Y correlation of 0.47, roughly unchanged from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P Mid-Cap 400 Value ETF | 0.47 | 0.52 | 0.56 | 61 | Mid Cap Value Equities | PSMT vs IJJ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSMT, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.07, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.07 | 0.18 | 0.28 | 70 | Consumer Cyclical | |
| Interactive Brokers Group, Inc. | 0.11 | 0.13 | 0.21 | 73 | Financial Services | |
| Casey's General Stores, Inc. | 0.17 | 0.24 | 0.32 | 92 | Consumer Defensive | |
| Mitsubishi UFJ Financial Group, Inc. | 0.22 | 0.17 | 0.23 | 91 | Financial Services | |
| Target Corporation | 0.26 | 0.34 | 0.39 | 84 | Consumer Defensive |
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