Looking to balance out your exposure to PDEX? The ETFs below have the lowest correlation with PDEX — they tend to move on their own, which can help reduce risk when PDEX drops. The stock ideas table highlights individual companies that behave independently from PDEX.
Best Diversifiers for PDEX
2 ETFs have low correlation with PDEX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.26, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.26 | 0.17 | 0.18 | 66 | S&P 500 | PDEX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.18 | 0.18 | 65 | S&P 500 | PDEX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDEX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | -0.01 | 0.01 | 80 | Consumer Defensive | |
| Welltower Inc. | -0.04 | 0.02 | 0.03 | 93 | Real Estate | |
| Texas Pacific Land Corporation | -0.03 | 0.08 | 0.12 | 62 | Energy | |
| Banco Bradesco S.A. | -0.01 | 0.01 | 0.03 | 72 | Financial Services | |
| Gilead Sciences, Inc. | 0.01 | 0.06 | 0.08 | 72 | Healthcare |
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