Looking to diversify beyond PDN? The ETFs below have the lowest correlation with PDN — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PDN.
Best Diversifiers for PDN
126 ETFs have low correlation with PDN (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.31 | -0.33 | 57 | Cryptocurrency | PDN vs BITI | |
| Invesco DB Energy Fund | -0.30 | -0.07 | 0.11 | 53 | Oil & Gas | PDN vs DBE | |
| TCW AAA CLO ETF | -0.17 | — | — | 99 | CLO | PDN vs ACLO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.16 | 0.06 | 0.20 | 51 | Commodities | PDN vs GSG | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | PDN vs IBIC |
See all 1138 diversifiers for PDN
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