Looking to diversify beyond PSQ? The ETFs below have historically moved differently from PSQ, 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 PSQ
1766 ETFs have low correlation with PSQ (below 0.3), 1668 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -1.00 | -1.00 | -1.00 | 58 | Nasdaq-100 | PSQ vs QQQ | |
| Invesco NASDAQ 100 ETF | -1.00 | -1.00 | -1.00 | 59 | Nasdaq-100 | PSQ vs QQQM | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -1.00 | — | — | 69 | Nasdaq-100, Dividend | PSQ vs GPIQ | |
| Invesco ESG NASDAQ 100 ETF | -0.99 | -0.99 | — | 58 | Nasdaq-100 | PSQ vs QQMG | |
| NEOS Nasdaq-100 High Income ETF | -0.99 | — | — | 52 | Nasdaq-100, Derivative Income | PSQ vs QQQI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSQ, 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 Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.74, roughly unchanged from -0.75 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.74 | -0.73 | -0.75 | 95 | Technology | |
| Applied Materials, Inc. | -0.70 | -0.72 | -0.74 | 95 | Technology | |
| Advanced Micro Devices, Inc. | -0.70 | -0.69 | -0.73 | 94 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.69 | -0.69 | -0.69 | 88 | Technology | |
| Broadcom Inc. | -0.68 | -0.74 | -0.75 | 68 | Technology |
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