Looking to balance out your exposure to PSN? The ETFs below have the lowest correlation with PSN — they tend to move on their own, which can help reduce risk when PSN drops. The stock ideas table highlights individual companies that behave independently from PSN.
Best Diversifiers for PSN
7 ETFs have low correlation with PSN (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.08 | -0.05 | 100 | Government Bonds, Ultrashort Bond | PSN vs BIL | |
| Invesco S&P 500 Momentum ETF | 0.14 | 0.30 | 0.37 | 65 | Momentum, S&P 500 | PSN vs SPMO | |
| WisdomTree Japan Hedged Equity Fund | 0.21 | 0.26 | 0.30 | 94 | Japan Equities, Asia Pacific Equities | PSN vs DXJ | |
| Vanguard Information Technology ETF | 0.23 | 0.33 | 0.36 | 60 | Technology Equities | PSN vs VGT | |
| WisdomTree Japan Opportunities ETF | 0.23 | 0.22 | 0.26 | 94 | Japan Equities, Asia Pacific Equities | PSN vs OPPJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSN and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.13 | 0.05 | 0.12 | 69 | Consumer Defensive | |
| EOG Resources, Inc. | -0.00 | 0.09 | 0.20 | 63 | Energy | |
| Micron Technology, Inc. | 0.02 | 0.17 | 0.20 | 99 | Technology | |
| Chevron Corporation | 0.04 | 0.09 | 0.20 | 73 | Energy | |
| Eli Lilly and Company | 0.05 | 0.15 | 0.21 | 78 | Healthcare |
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Build a portfolio that complements PSN
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