Looking to diversify beyond PCL? The ETFs below have the lowest correlation with PCL — 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 PCL.
Best Diversifiers for PCL
0 ETFs have low correlation with PCL (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Portfolio Short Term Corporate Bond ETF (SPSB) (Corporate Bonds) with a 1Y correlation of 0.68, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Portfolio Short Term Corporate Bond ETF | 0.68 | 0.68 | 0.68 | 94 | Corporate Bonds | PCL vs SPSB | |
| Invesco BulletShares 2029 Corporate Bond ETF | 0.75 | 0.75 | 0.75 | 73 | Corporate Bonds | PCL vs BSCT | |
| FlexShares Credit-Scored US Corporate Bond Index F... | 0.89 | 0.89 | 0.89 | 57 | Corporate Bonds | PCL vs SKOR |
Diversification Analysis
Build a portfolio that complements PCL
Add PCL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PCL