Looking to balance out your exposure to PSX? The ETFs below have historically moved differently from PSX, 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 PSX
12 ETFs have low correlation with PSX (below 0.3), 7 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.08, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.08 | 0.17 | 0.25 | 68 | S&P 500 | PSX vs VOO | |
| State Street SPDR S&P 500 ETF | -0.08 | 0.17 | 0.25 | 67 | S&P 500 | PSX vs SPY | |
| iShares Core S&P 500 ETF | -0.07 | 0.17 | 0.26 | 67 | S&P 500 | PSX vs IVV | |
| State Street Technology Select Sector SPDR ETF | -0.07 | 0.10 | 0.16 | 55 | Technology Equities | PSX vs XLK | |
| Vanguard FTSE All-World ex-US ETF | -0.05 | 0.17 | 0.28 | 73 | Foreign Large Cap Equities | PSX vs VEU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSX, 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 Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of -0.23, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | -0.23 | 0.05 | 0.22 | 90 | Industrials | |
| General Electric Company | -0.21 | 0.03 | 0.21 | 74 | Industrials | |
| Amphenol Corporation | -0.16 | 0.02 | 0.12 | 77 | Technology | |
| Cardinal Health, Inc. | -0.16 | 0.03 | 0.14 | 86 | Healthcare | |
| NVIDIA Corporation | -0.15 | 0.00 | 0.09 | 56 | Technology |
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