Looking to balance out your exposure to PSX? The ETFs below have the lowest correlation with PSX — they tend to move on their own, which can help reduce risk when PSX drops. The stock ideas table highlights individual companies that behave independently from PSX.
Best Diversifiers for PSX
12 ETFs have low correlation with PSX (below 0.3), 6 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.10 | 0.08 | 0.15 | 58 | Nasdaq-100 | PSX vs QQQ | |
| State Street Technology Select Sector SPDR ETF | -0.08 | 0.09 | 0.16 | 63 | Technology Equities | PSX vs XLK | |
| Vanguard S&P 500 ETF | -0.08 | 0.17 | 0.26 | 66 | S&P 500 | PSX vs VOO | |
| iShares Core S&P 500 ETF | -0.07 | 0.17 | 0.26 | 66 | S&P 500 | PSX vs IVV | |
| State Street SPDR S&P 500 ETF | -0.06 | 0.18 | 0.26 | 66 | S&P 500 | PSX vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PSX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PSX and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of -0.20, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.20 | 0.04 | 0.22 | 78 | Industrials | |
| NVIDIA Corporation | -0.15 | 0.00 | 0.10 | 65 | Technology | |
| GE Vernova Inc. | -0.14 | — | — | 89 | Industrials | |
| Broadcom Inc. | -0.13 | 0.01 | 0.11 | 71 | Technology | |
| AngloGold Ashanti Limited | -0.12 | -0.01 | 0.08 | 79 | Basic Materials |
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