Looking to diversify beyond PDBC? The ETFs below have the lowest correlation with PDBC — 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 PDBC.
Best Diversifiers for PDBC
1531 ETFs have low correlation with PDBC (below 0.3), 1391 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.37 | — | — | 53 | Global Bonds | PDBC vs AVGB | |
| Neos Enhanced Income Aggregate Bond ETF | -0.37 | -0.14 | — | 50 | Intermediate Core-Plus Bond | PDBC vs BNDI | |
| iShares Yield Optimized Bond ETF | -0.36 | -0.10 | -0.03 | 55 | Intermediate Core-Plus Bond | PDBC vs BYLD | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.35 | -0.17 | -0.05 | 52 | Nontraditional Bonds | PDBC vs UCON | |
| Federated Hermes Short Duration Corporate ETF | -0.34 | -0.12 | -0.04 | 71 | Short-Term Bond | PDBC vs FCSH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDBC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDBC and solid risk/return profiles. The least correlated is Safran SA (SAFRY) (Industrials) with a 1Y correlation of -0.24, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Safran SA | -0.24 | -0.04 | 0.07 | 53 | Industrials | |
| The TJX Companies, Inc. | -0.22 | -0.09 | 0.03 | 78 | Consumer Cyclical | |
| ASML Holding N.V. | -0.20 | 0.01 | 0.08 | 94 | Technology | |
| Ford Motor Company | -0.20 | 0.03 | 0.12 | 82 | Consumer Cyclical | |
| United Parcel Service, Inc. | -0.19 | 0.01 | 0.09 | 57 | Industrials |
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