Looking to diversify beyond PBDC? The ETFs below have historically moved differently from PBDC, 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 PBDC
698 ETFs have low correlation with PBDC (below 0.3), 68 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | — | — | 61 | Inverse Equities, Leveraged Equities | PBDC vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 75 | Derivative Income | PBDC vs WNTR | |
| ProShares Short Bitcoin ETF | -0.32 | -0.25 | — | 61 | Cryptocurrency | PBDC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | PBDC vs SBIT | |
| Alpha Architect Tail Risk ETF | -0.26 | -0.11 | — | 56 | Options Trading | PBDC vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PBDC, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.06 | 0.12 | 66 | Consumer Defensive | |
| Enbridge Inc. | 0.02 | 0.23 | — | 85 | Energy | |
| Micron Technology, Inc. | 0.03 | 0.15 | — | 99 | Technology | |
| MPLX LP | 0.12 | 0.29 | — | 79 | Energy | |
| Reaves Utility Income Trust | 0.13 | 0.29 | 0.35 | 55 | Financial Services |
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