Looking to diversify beyond PBD? The ETFs below have the lowest correlation with PBD — 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 PBD.
Best Diversifiers for PBD
301 ETFs have low correlation with PBD (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | 0.02 | 0.11 | 71 | Oil & Gas | PBD vs DBE | |
| United States Oil Fund LP | -0.26 | 0.01 | 0.11 | 66 | Oil & Gas | PBD vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | PBD vs USOY | |
| United States Brent Oil Fund LP | -0.24 | 0.03 | 0.11 | 65 | Oil & Gas | PBD vs BNO | |
| Invesco DB Oil Fund | -0.21 | 0.04 | 0.12 | 65 | Oil & Gas | PBD vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBD and solid risk/return profiles. The least correlated is Alkermes plc (ALKS) (Healthcare) with a 1Y correlation of 0.24, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alkermes plc | 0.24 | 0.26 | 0.28 | 65 | Healthcare | |
| Definium Therapeutics, Inc | 0.25 | 0.36 | 0.36 | 94 | Healthcare | |
| COMPASS Pathways plc | 0.31 | 0.36 | 0.42 | 87 | Healthcare |
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