Looking to balance out your exposure to PDYN? The ETFs below have the lowest correlation with PDYN — they tend to move on their own, which can help reduce risk when PDYN drops. The stock ideas table highlights individual companies that behave independently from PDYN.
Best Diversifiers for PDYN
0 ETFs have low correlation with PDYN (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.42, up from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.42 | 0.29 | — | 77 | Technology Equities | PDYN vs FTEC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PDYN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PDYN and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.04 | — | 66 | Consumer Defensive | |
| Apple Inc | 0.13 | 0.07 | — | 90 | Technology | |
| Alphabet Inc. Class A | 0.18 | 0.15 | — | 96 | Communication Services | |
| Cloudflare, Inc. | 0.23 | 0.22 | — | 69 | Technology | |
| Steel Dynamics, Inc. | 0.24 | 0.16 | — | 93 | Basic Materials |
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