Looking to balance out your exposure to PDLB? The ETFs below have the lowest correlation with PDLB — they tend to move on their own, which can help reduce risk when PDLB drops. The stock ideas table highlights individual companies that behave independently from PDLB.
Best Diversifiers for PDLB
0 ETFs have low correlation with PDLB (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core Dividend Growth ETF (DGRO) (Large Cap Growth Equities) with a 1Y correlation of 0.55, up from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core Dividend Growth ETF | 0.55 | 0.51 | 0.38 | 77 | Large Cap Growth Equities, Dividend | PDLB vs DGRO |
Diversification Analysis
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Analyze a portfolio with PDLB