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
1041 ETFs have low correlation with PBOG (below 0.3), 938 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Municipal Bond Opportunities ETF | -0.37 | — | — | 85 | Municipal Bonds | PBOG vs FMUB | |
| John Hancock Mortgage Backed Securities ETF | -0.37 | -0.37 | -0.37 | 54 | Intermediate Core-Plus Bond | PBOG vs JHMB | |
| Xtrackers Low Beta High Yield Bond ETF | -0.37 | -0.37 | -0.37 | 76 | High Yield Bonds | PBOG vs HYDW | |
| Eaton Vance Short Duration Income ETF | -0.37 | -0.37 | -0.37 | 90 | Short-Term Bond | PBOG vs EVSD | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.36 | -0.36 | -0.36 | 74 | Municipal Bonds | PBOG vs BSMW |
See all 1085 diversifiers for PBOG
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Diversification Analysis
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