Looking to diversify beyond PDEC? The ETFs below have the lowest correlation with PDEC — 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 PDEC.
Best Diversifiers for PDEC
193 ETFs have low correlation with PDEC (below 0.3), 42 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.07 | 0.07 | 71 | Oil & Gas | PDEC vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.05 | 0.05 | 65 | Oil & Gas | PDEC vs BNO | |
| Invesco DB Oil Fund | -0.27 | -0.03 | 0.07 | 65 | Oil & Gas | PDEC vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | PDEC vs IBIC | |
| iShares Commodities Select Strategy ETF | -0.22 | 0.01 | 0.11 | 72 | Commodities | PDEC vs COMT |
See all 1219 diversifiers for PDEC
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