Looking to diversify beyond PSWD? The ETFs below have the lowest correlation with PSWD — 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 PSWD.
Best Diversifiers for PSWD
352 ETFs have low correlation with PSWD (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.28 | -0.28 | 57 | Cryptocurrency | PSWD vs BITI | |
| Breakwave Tanker Shipping ETF | -0.17 | -0.08 | -0.08 | 99 | Commodities | PSWD vs BWET | |
| Invesco DB Energy Fund | -0.13 | -0.03 | — | 53 | Oil & Gas | PSWD vs DBE | |
| iShares Diversified Commodity Swap UCITS ETF | -0.12 | — | — | 55 | Commodities | PSWD vs ISCMF | |
| First Trust Utilities AlphaDEX Fund | -0.11 | 0.13 | — | 52 | Utilities Equities | PSWD vs FXU |
See all 1139 diversifiers for PSWD
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Diversification Analysis
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