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
553 ETFs have low correlation with PBDC (below 0.3), 44 of which are negatively correlated. The least correlated is Franklin Liberty Systematic Style Premia ETF (FLSP) (Long-Short) with a 1Y correlation of -0.11, down from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Liberty Systematic Style Premia ETF | -0.11 | -0.01 | — | 60 | Long-Short | PBDC vs FLSP | |
| ProShares UltraShort Yen | -0.10 | 0.01 | — | 61 | Leveraged Currency | PBDC vs YCS | |
| Global X 1-3 Month T-Bill ETF | -0.09 | — | — | 100 | Ultrashort Bond | PBDC vs CLIP | |
| Texas Capital Government Money Market ETF | -0.09 | — | — | 100 | Money Market | PBDC vs MMKT | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | -0.01 | -0.04 | 100 | Government Bonds, Ultrashort Bond | PBDC vs USFR |
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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 -0.08, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.08 | 0.12 | 70 | Consumer Defensive | |
| Micron Technology, Inc. | 0.04 | 0.16 | — | 99 | Technology | |
| Reaves Utility Income Trust | 0.14 | 0.30 | — | 81 | Financial Services | |
| British American Tobacco p.l.c. | 0.15 | 0.18 | 0.21 | 73 | Consumer Defensive | |
| Cohen & Steers Infrastructure Fund, Inc | 0.19 | 0.31 | 0.37 | 69 | Financial Services |
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