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
1555 ETFs have low correlation with PDBA (below 0.3), 340 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 -0.06 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 | -0.06 | — | 82 | Municipal Bonds | PDBA vs SUB | |
| Franklin Liberty Federal Intermediate Tax-Free Bon... | -0.19 | -0.06 | — | 78 | Municipal Bonds | PDBA vs FLMI | |
| Roundhill Weekly T-Bill ETF | -0.18 | — | — | 99 | Ultrashort Bond | PDBA vs WEEK | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.17 | -0.04 | — | 56 | Corporate Bonds | PDBA vs LQDW | |
| iShares Yield Optimized Bond ETF | -0.15 | -0.03 | -0.00 | 52 | Intermediate Core-Plus Bond | PDBA vs BYLD |
See all 1563 diversifiers for PDBA
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