Looking to balance out your exposure to PDD? The ETFs below have the lowest correlation with PDD — they tend to move on their own, which can help reduce risk when PDD drops. The stock ideas table highlights individual companies that behave independently from PDD.
Best Diversifiers for PDD
3 ETFs have low correlation with PDD (below 0.3), 2 of which are negatively correlated. The least correlated is Barclays ETN+ Select MLP ETN (ATMP) (MLPs) with a 1Y correlation of -0.09, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Barclays ETN+ Select MLP ETN | -0.09 | 0.07 | 0.14 | 61 | MLPs | PDD vs ATMP | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | 0.02 | 0.06 | 100 | Ultrashort Bond | PDD vs SGOV | |
| iShares MSCI Japan Small Cap ETF | 0.29 | 0.24 | 0.27 | 66 | Japan Equities, Asia Pacific Equities | PDD vs SCJ | |
| Invesco Semiconductors ETF | 0.30 | 0.30 | 0.34 | 93 | Semiconductors, Technology Equities | PDD vs PSI | |
| ProShares Ultra Semiconductors | 0.31 | 0.29 | 0.33 | 70 | Leveraged Equities, Semiconductors | PDD vs USD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDD and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.22, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.22 | -0.15 | -0.06 | 53 | Industrials | |
| Altria Group, Inc. | -0.16 | -0.08 | -0.01 | 81 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.14 | -0.05 | 0.03 | 68 | Financial Services | |
| Enbridge Inc. | -0.12 | 0.05 | 0.15 | 88 | Energy | |
| Johnson & Johnson | -0.11 | -0.03 | -0.03 | 97 | Healthcare |
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Build a portfolio that complements PDD
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