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
2 ETFs have low correlation with PDD (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.07, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.07 | 0.01 | 0.06 | 100 | Ultrashort Bond | PDD vs SGOV | |
| iShares MSCI Japan Small Cap ETF | 0.27 | 0.24 | 0.27 | 55 | Japan Equities | PDD vs SCJ | |
| ProShares Ultra Semiconductors | 0.32 | 0.30 | 0.34 | 82 | Leveraged Equities, Semiconductors | PDD vs USD | |
| Invesco Semiconductors ETF | 0.32 | 0.30 | 0.35 | 96 | Semiconductors, Technology Equities | PDD vs PSI | |
| SPDR S&P Semiconductor ETF | 0.33 | 0.32 | 0.36 | 92 | Semiconductors, Technology Equities | PDD vs XSD |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | -0.07 | -0.00 | 72 | Consumer Defensive | |
| Equinor ASA | -0.08 | 0.09 | 0.11 | 66 | Energy | |
| ONEOK, Inc. | -0.06 | 0.08 | 0.14 | 59 | Energy | |
| The Williams Companies, Inc. | -0.05 | 0.06 | 0.08 | 75 | Energy | |
| Gilead Sciences, Inc. | -0.05 | -0.01 | 0.04 | 64 | Healthcare |
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