Looking to balance out your exposure to PSO? The ETFs below have the lowest correlation with PSO — they tend to move on their own, which can help reduce risk when PSO drops. The stock ideas table highlights individual companies that behave independently from PSO.
Best Diversifiers for PSO
2 ETFs have low correlation with PSO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.37 | 0.35 | 60 | S&P 500 | PSO vs VOO | |
| Vanguard Total Stock Market ETF | 0.30 | 0.38 | 0.36 | 60 | Large Cap Blend Equities | PSO vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSO and solid risk/return profiles. The least correlated is Corning Incorporated (GLW) (Technology) with a 1Y correlation of -0.06, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Corning Incorporated | -0.06 | 0.12 | 0.19 | 98 | Technology | |
| Energy Transfer LP | -0.02 | 0.15 | 0.19 | 70 | Energy | |
| General Electric Company | 0.05 | 0.22 | 0.26 | 80 | Industrials | |
| United Therapeutics Corporation | 0.07 | 0.11 | 0.13 | 94 | Healthcare | |
| argenx SE | 0.10 | 0.20 | 0.17 | 80 | Healthcare |
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