Looking to diversify beyond PSP? The ETFs below have historically moved differently from PSP, 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 PSP
292 ETFs have low correlation with PSP (below 0.3), 76 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 55 | Inverse Equities, Leveraged Equities | PSP vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.41 | -0.36 | — | 59 | Cryptocurrency | PSP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.41 | — | — | 53 | Cryptocurrency, Leveraged Cryptocurrency | PSP vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 72 | Derivative Income | PSP vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.09 | — | 60 | Options Trading | PSP vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSP, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.12, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.12 | 0.09 | 0.20 | 85 | Energy |
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