Looking to diversify beyond PDBC? The ETFs below have historically moved differently from PDBC, 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 PDBC
1572 ETFs have low correlation with PDBC (below 0.3), 1437 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Astoria Dynamic Core US Fixed Income ETF | -0.39 | — | — | 51 | Multisector Bonds | PDBC vs AGGA | |
| Avantis Short-Term Fixed Income ETF | -0.38 | -0.17 | -0.07 | 58 | Short-Term Bond | PDBC vs AVSF | |
| iShares Core 1-5 Year USD Bond ETF | -0.37 | -0.17 | -0.07 | 66 | Short-Term Bond | PDBC vs ISTB | |
| Ishares J.P. Morgan Broad USD Emerging Markets Bon... | -0.36 | -0.11 | — | 50 | Emerging Markets Bonds | PDBC vs BEMB | |
| Vanguard Short Duration Bond ETF Shares | -0.36 | -0.31 | -0.31 | 83 | Short-Term Bond | PDBC vs VSDB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PDBC, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Safran SA (SAFRY) (Industrials) with a 1Y correlation of -0.29, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Safran SA | -0.29 | -0.08 | 0.04 | 66 | Industrials | |
| The TJX Companies, Inc. | -0.24 | -0.12 | -0.00 | 79 | Consumer Cyclical | |
| Monster Beverage Corporation | -0.23 | -0.12 | -0.04 | 92 | Consumer Defensive | |
| 3M Company | -0.22 | -0.07 | 0.05 | 68 | Industrials | |
| Apple Inc | -0.21 | -0.02 | 0.04 | 90 | Technology |
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