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
10 ETFs have low correlation with PSX (below 0.3), 6 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.10, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.10 | 0.02 | 0.02 | 52 | Derivative Income, Options Trading | PSX vs NVDY | |
| ProShares UltraPro QQQ | -0.07 | 0.09 | 0.16 | 71 | Leveraged Equities | PSX vs TQQQ | |
| Invesco QQQ ETF | -0.07 | 0.09 | 0.16 | 73 | Nasdaq-100 | PSX vs QQQ | |
| State Street Technology Select Sector SPDR ETF | -0.06 | 0.09 | 0.17 | 83 | Technology Equities | PSX vs XLK | |
| iShares Core S&P 500 ETF | -0.03 | 0.19 | 0.28 | 70 | S&P 500 | PSX vs IVV |
To view more results, upgrade your current subscription plan.
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 -0.19, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | -0.19 | 0.08 | 0.25 | 65 | Industrials | |
| Broadcom Inc. | -0.12 | 0.02 | 0.12 | 84 | Technology | |
| GE Vernova Inc. | -0.11 | 0.01 | 0.01 | 87 | Utilities | |
| Eli Lilly and Company | -0.11 | 0.02 | 0.03 | 72 | Healthcare | |
| NVIDIA Corporation | -0.10 | 0.00 | 0.10 | 78 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PSX
Add PSX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PSX