Looking to diversify beyond PDP? The ETFs below have the lowest correlation with PDP — 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 PDP.
Best Diversifiers for PDP
341 ETFs have low correlation with PDP (below 0.3), 74 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.36 | -0.38 | 57 | Cryptocurrency | PDP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PDP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 68 | Inverse Equities, Leveraged Equities | PDP vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | PDP vs WNTR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.22 | — | — | 96 | Inflation-Protected Bonds | PDP vs IBID |
See all 1550 diversifiers for PDP
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