Looking to balance out your exposure to PDI? The ETFs below have the lowest correlation with PDI — they tend to move on their own, which can help reduce risk when PDI drops. The stock ideas table highlights individual companies that behave independently from PDI.
Best Diversifiers for PDI
146 ETFs have low correlation with PDI (below 0.3), 5 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of -0.15, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | -0.15 | 0.10 | 0.23 | 71 | Energy Equities | PDI vs EINC | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.11 | 0.24 | 63 | MLPs | PDI vs MLPX | |
| iShares Global Energy ETF | -0.08 | 0.06 | 0.16 | 54 | Energy Equities | PDI vs IXC | |
| Westwood Salient Enhanced Energy Income ETF | -0.08 | — | — | 51 | Energy Equities | PDI vs WEEI | |
| Alpha Architect 1-3 Month Box ETF | -0.05 | 0.01 | — | 100 | Ultrashort Bond | PDI vs BOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDI and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | -0.00 | 0.08 | 78 | Consumer Defensive | |
| Plains All American Pipeline, L.P. | -0.15 | 0.10 | 0.21 | 81 | Energy | |
| Verizon Communications Inc. | -0.13 | 0.01 | 0.08 | 66 | Communication Services | |
| Duke Energy Corporation | -0.13 | 0.06 | 0.10 | 67 | Utilities | |
| Energy Transfer LP | -0.12 | 0.09 | 0.22 | 72 | Energy |
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Build a portfolio that complements PDI
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