Looking to balance out your exposure to PDD? The ETFs below have historically moved differently from PDD, 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 PDD
7 ETFs have low correlation with PDD (below 0.3), 3 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Barclays ETN+ Select MLP ETN | -0.09 | 0.06 | 0.14 | 68 | MLPs | PDD vs ATMP | |
| iShares 0-3 Month Treasury Bond ETF | -0.07 | 0.01 | 0.05 | 100 | Ultrashort Bond | PDD vs SGOV | |
| iShares U.S. Insurance ETF | -0.01 | 0.01 | 0.11 | 53 | Financials Equities | PDD vs IAK | |
| iShares MSCI Japan Small Cap ETF | 0.26 | 0.23 | 0.26 | 68 | Japan Equities, Asia Pacific Equities | PDD vs SCJ | |
| ProShares Ultra Semiconductors | 0.26 | 0.27 | 0.33 | 52 | Leveraged Equities, Semiconductors | PDD vs USD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PDD, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | -0.07 | -0.01 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.14 | -0.05 | -0.03 | 97 | Healthcare | |
| Enbridge Inc. | -0.14 | 0.04 | 0.15 | 85 | Energy | |
| Arch Capital Group Ltd. | -0.13 | -0.04 | 0.03 | 67 | Financial Services | |
| Permian Resources Corporation | -0.09 | 0.06 | — | 84 | Energy |
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