Looking to balance out your exposure to PD? The ETFs below have the lowest correlation with PD — they tend to move on their own, which can help reduce risk when PD drops. The stock ideas table highlights individual companies that behave independently from PD.
Best Diversifiers for PD
1 ETFs have low correlation with PD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.29, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.29 | 0.43 | 0.51 | 74 | S&P 500 | PD vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PD and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.18, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.18 | -0.02 | -0.01 | 73 | Consumer Defensive |
Build a portfolio that complements PD
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