Looking to diversify beyond PDEC? The ETFs below have historically moved differently from PDEC, 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 PDEC
198 ETFs have low correlation with PDEC (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, down from -0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.36 | — | 61 | Cryptocurrency | PDEC vs BITI | |
| Alpha Architect Tail Risk ETF | -0.37 | -0.07 | — | 56 | Options Trading | PDEC vs CAOS | |
| Invesco DB Energy Fund | -0.30 | -0.09 | 0.05 | 72 | Oil & Gas | PDEC vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.08 | 0.04 | 52 | Oil & Gas | PDEC vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.05 | 58 | Oil & Gas | PDEC vs DBO |
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