Looking to diversify beyond PBDC? The ETFs below have the lowest correlation with PBDC — 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 PBDC.
Best Diversifiers for PBDC
655 ETFs have low correlation with PBDC (below 0.3), 62 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.34, roughly unchanged from -0.38 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | -0.38 | — | 70 | Derivative Income | PBDC vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.33 | — | 68 | Inverse Equities, Leveraged Equities | PBDC vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.33 | -0.25 | -0.25 | 57 | Cryptocurrency | PBDC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PBDC vs SBIT | |
| Direxion Daily MU Bull 2X Shares | -0.28 | -0.28 | -0.28 | 99 | Leveraged Equities, Semiconductors | PBDC vs MUU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PBDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PBDC and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.06 | 0.12 | 81 | Consumer Defensive | |
| Micron Technology, Inc. | 0.02 | 0.15 | — | 99 | Technology | |
| Enbridge Inc. | 0.06 | 0.23 | 0.31 | 88 | Energy | |
| MPLX LP | 0.13 | 0.30 | — | 82 | Energy | |
| British American Tobacco p.l.c. | 0.13 | 0.18 | — | 72 | Consumer Defensive |
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