Looking to diversify beyond PDBA? The ETFs below have the lowest correlation with PDBA — 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 PDBA.
Best Diversifiers for PDBA
1528 ETFs have low correlation with PDBA (below 0.3), 432 of which are negatively correlated. The least correlated is iShares Short-Term National Muni Bond ETF (SUB) (Municipal Bonds) with a 1Y correlation of -0.19, down from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Short-Term National Muni Bond ETF | -0.19 | -0.07 | — | 82 | Municipal Bonds, Short-Term Bond | PDBA vs SUB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.18 | -0.07 | — | 82 | Municipal Bonds | PDBA vs FLMI | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.18 | -0.04 | — | 50 | Corporate Bonds | PDBA vs LQDW | |
| Roundhill Weekly T-Bill ETF | -0.17 | — | — | 99 | Ultrashort Bond | PDBA vs WEEK | |
| Allspring Income Plus ETF | -0.17 | — | — | 57 | Multisector Bonds | PDBA vs AINP |
See all 1546 diversifiers for PDBA
To view more results, upgrade your current subscription plan.
Diversification Analysis
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