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
152 ETFs have low correlation with PDI (below 0.3), 9 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of -0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | -0.11 | 0.12 | 0.24 | 53 | Energy Equities | PDI vs EINC | |
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.05 | 0.15 | 63 | Energy Equities | PDI vs XLE | |
| Fidelity MSCI Energy Index ETF | -0.10 | 0.06 | 0.16 | 64 | Energy Equities | PDI vs FENY | |
| Vanguard Energy ETF | -0.10 | 0.06 | 0.16 | 64 | Energy Equities | PDI vs VDE | |
| Westwood Salient Enhanced Energy Income ETF | -0.06 | — | — | 74 | Energy Equities | PDI vs WEEI |
To view more results, upgrade your current subscription plan.
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 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.00 | 0.09 | 69 | Consumer Defensive | |
| Energy Transfer LP | -0.13 | 0.10 | 0.23 | 69 | Energy | |
| Plains All American Pipeline, L.P. | -0.12 | 0.11 | 0.22 | 87 | Energy | |
| Duke Energy Corporation | -0.11 | 0.06 | 0.10 | 53 | Utilities | |
| Kinder Morgan, Inc. | -0.10 | 0.09 | 0.21 | 60 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PDI
Add PDI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PDI