Looking to balance out your exposure to PDFS? The ETFs below have the lowest correlation with PDFS — they tend to move on their own, which can help reduce risk when PDFS drops. The stock ideas table highlights individual companies that behave independently from PDFS.
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 0.59, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.59 | 0.62 | 0.60 | 74 | S&P 500 | PDFS vs VOO | |
| VanEck Semiconductor ETF | 0.70 | 0.70 | 0.69 | 96 | Semiconductors, Technology Equities | PDFS vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDFS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDFS and solid risk/return profiles. The least correlated is Quest Diagnostics Incorporated (DGX) (Healthcare) with a 1Y correlation of 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quest Diagnostics Incorporated | 0.04 | 0.06 | 0.12 | 62 | Healthcare | |
| Halliburton Company | 0.16 | 0.19 | 0.20 | 94 | Energy | |
| West Pharmaceutical Services, Inc. | 0.24 | 0.28 | 0.32 | 76 | Healthcare | |
| Datadog, Inc. | 0.29 | 0.37 | 0.40 | 80 | Technology | |
| Sensata Technologies Holding plc | 0.54 | 0.49 | 0.50 | 92 | Technology |
Build a portfolio that complements PDFS
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