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
107 ETFs have low correlation with PDN (below 0.3), 14 of which are negatively correlated. The least correlated is TCW AAA CLO ETF (ACLO) (CLO) with a 1Y correlation of -0.16, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| TCW AAA CLO ETF | -0.16 | -0.10 | -0.10 | 99 | CLO | PDN vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | 0.08 | 0.08 | 98 | Inflation-Protected Bonds | PDN vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | 0.03 | 0.03 | 99 | Ultrashort Bond | PDN vs CSHP | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.10 | 0.13 | 0.13 | 95 | Inflation-Protected Bonds | PDN vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.08 | -0.03 | -0.03 | 98 | Ultrashort Bond | PDN vs BAMU |
See all 1067 diversifiers for PDN
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