Looking to diversify beyond PDC.TO? The ETFs below have historically moved differently from PDC.TO, 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 PDC.TO
13 ETFs have low correlation with PDC.TO (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Canadian Government Floating Rate Index ETF (PFL.TO) (Canadian Government Bonds) with a 1Y correlation of -0.05, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Canadian Government Floating Rate Index ET... | -0.05 | -0.00 | 0.00 | 98 | Canadian Government Bonds | PDC.TO vs PFL.TO | |
| Global X Inovestor Canadian Equity Index ETF | 0.07 | 0.37 | 0.42 | 79 | Canada Equities | PDC.TO vs INOC.TO | |
| Caldwell U.S. Dividend Advantage Fund | 0.08 | 0.09 | 0.14 | 53 | Dividend, Momentum | PDC.TO vs UDA.TO | |
| Harvest Eli Lilly High Income Shares ETF Class A U... | 0.17 | — | — | 60 | Dividend | PDC.TO vs LLYH.TO | |
| Invesco ESG NASDAQ 100 Index ETF | 0.19 | 0.22 | — | 53 | Nasdaq-100 | PDC.TO vs QQCE.TO |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PDC.TO
Add PDC.TO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PDC.TO