Looking to balance out your exposure to PDSB? The ETFs below have the lowest correlation with PDSB — they tend to move on their own, which can help reduce risk when PDSB drops. The stock ideas table highlights individual companies that behave independently from PDSB.
No Diversifiers Found for PDSB
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDSB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDSB and solid risk/return profiles. The least correlated is Butterfly Network, Inc. (BFLY) (Healthcare) with a 1Y correlation of 0.27, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Butterfly Network, Inc. | 0.27 | 0.32 | 0.40 | 70 | Healthcare |
Build a portfolio that complements PDSB
Add PDSB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PDSB