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
0 ETFs have low correlation with PSN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.31, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.31 | 0.34 | 0.36 | 73 | Nasdaq-100 | PSN vs QQQ |
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 -0.15, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.15 | 0.06 | 0.13 | 63 | Consumer Defensive | |
| EOG Resources, Inc. | 0.03 | 0.11 | 0.21 | 69 | Energy | |
| Chevron Corporation | 0.08 | 0.10 | 0.22 | 83 | Energy | |
| Eli Lilly and Company | 0.08 | 0.15 | 0.20 | 72 | Healthcare | |
| Micron Technology, Inc. | 0.09 | 0.20 | 0.22 | 99 | Technology |
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