Looking to balance out your exposure to PDFS? The ETFs below have historically moved differently from PDFS, 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 PDFS
0 ETFs have low correlation with PDFS (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 0.60, roughly unchanged from 0.60 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.60 | 0.63 | 0.60 | 54 | S&P 500 | PDFS vs VOO | |
| VanEck Semiconductor ETF | 0.74 | 0.71 | 0.70 | 79 | Semiconductors, Technology Equities | PDFS vs SMH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PDFS, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of -0.04, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | -0.04 | 0.13 | 0.25 | 52 | Financial Services | |
| Quest Diagnostics Incorporated | -0.01 | 0.05 | 0.11 | 90 | Healthcare | |
| Halliburton Company | 0.12 | 0.18 | 0.19 | 75 | Energy | |
| FIGS, Inc. | 0.24 | 0.31 | 0.31 | 74 | Consumer Cyclical | |
| West Pharmaceutical Services, Inc. | 0.26 | 0.28 | 0.33 | 74 | Healthcare |
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