Looking to diversify beyond PDBA? The ETFs below have historically moved differently from PDBA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PDBA
1697 ETFs have low correlation with PDBA (below 0.3), 506 of which are negatively correlated. The least correlated is iShares Short-Term National Muni Bond ETF (SUB) (Municipal Bonds) with a 1Y correlation of -0.21, down from -0.08 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term National Muni Bond ETF | -0.21 | -0.08 | — | 74 | Municipal Bonds, Short-Term Bond | PDBA vs SUB | |
| SGI Enhanced Core ETF | -0.18 | -0.05 | -0.05 | 97 | Intermediate Core Bond | PDBA vs USDX | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.18 | -0.07 | — | 82 | Municipal Bonds | PDBA vs FLMI | |
| Direxion Daily LLY Bull 2X Shares | -0.17 | -0.05 | -0.05 | 51 | Leveraged Equities | PDBA vs ELIL | |
| Allspring Income Plus ETF | -0.17 | — | — | 53 | Multisector Bonds | PDBA vs AINP |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PDBA
Add PDBA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PDBA