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
320 ETFs have low correlation with PDP (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.06 | 0.11 | 71 | Oil & Gas | PDP vs DBE | |
| United States Oil Fund LP | -0.24 | -0.03 | 0.11 | 66 | Oil & Gas | PDP vs USO | |
| United States Brent Oil Fund LP | -0.22 | -0.03 | 0.11 | 65 | Oil & Gas | PDP vs BNO | |
| United States Gasoline Fund LP | -0.22 | -0.04 | 0.10 | 69 | Oil & Gas | PDP vs UGA | |
| United States 12 Month Oil Fund LP | -0.21 | -0.02 | 0.13 | 56 | Oil & Gas | PDP vs USL |
See all 1593 diversifiers for PDP
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