Looking to diversify beyond PBOG? The ETFs below have the lowest correlation with PBOG — 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 PBOG.
Best Diversifiers for PBOG
983 ETFs have low correlation with PBOG (below 0.3), 898 of which are negatively correlated. The least correlated is LeaderShares Dynamic Yield ETF (DYLD) (Multisector Bonds) with a 1Y correlation of -0.36, roughly unchanged from -0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LeaderShares Dynamic Yield ETF | -0.36 | -0.36 | — | 62 | Multisector Bonds | PBOG vs DYLD | |
| First Trust Limited Duration Investment Grade Corp... | -0.36 | -0.36 | -0.36 | 61 | Short-Term Bond | PBOG vs FSIG | |
| TCW Flexible Income ETF | -0.36 | -0.36 | -0.36 | 84 | Multisector Bonds | PBOG vs FLXR | |
| Eaton Vance Short Duration Income ETF | -0.35 | -0.35 | -0.35 | 88 | Short-Term Bond | PBOG vs EVSD | |
| Franklin Short Duration U.S. Government ETF | -0.35 | -0.35 | -0.35 | 96 | Mortgage Backed Securities | PBOG vs FTSD |
See all 1009 diversifiers for PBOG
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Diversification Analysis
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