Looking to diversify beyond PDC.TO? The ETFs below have the lowest correlation with PDC.TO — 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 PDC.TO.
Best Diversifiers for PDC.TO
9 ETFs have low correlation with PDC.TO (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax AMD Option Income Strategy ETF (AMDY) (Derivative Income) with a 1Y correlation of 0.17, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 0.17 | 0.24 | 0.24 | 93 | Derivative Income, Options Trading | PDC.TO vs AMDY | |
| BMO Tactical Dividend ETF Fund | 0.22 | 0.23 | 0.32 | 79 | Dividend | PDC.TO vs ZZZD.TO | |
| WisdomTree Emerging Markets Quality Dividend Growt... | 0.23 | 0.35 | 0.36 | 71 | Emerging Markets Equities, Dividend | PDC.TO vs DGRE | |
| Invesco NASDAQ 100 ETF | 0.23 | 0.30 | 0.37 | 59 | Nasdaq-100 | PDC.TO vs QQQM | |
| Invesco QQQ ETF | 0.23 | 0.30 | 0.37 | 58 | Nasdaq-100 | PDC.TO vs QQQ |
See all 42 diversifiers for PDC.TO
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