Looking to diversify beyond PSP? The ETFs below have the lowest correlation with PSP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PSP.
Best Diversifiers for PSP
254 ETFs have low correlation with PSP (below 0.3), 50 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 60 | Inverse Equities, Leveraged Equities | PSP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 65 | Derivative Income | PSP vs WNTR | |
| United States Gasoline Fund LP | -0.24 | -0.05 | 0.08 | 72 | Oil & Gas | PSP vs UGA | |
| ProShares UltraShort Yen | -0.24 | -0.13 | -0.12 | 75 | Leveraged Currency | PSP vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | PSP vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSP and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | 0.09 | 0.21 | 71 | Energy |
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