Looking to balance out your exposure to PLD? The ETFs below have the lowest correlation with PLD — they tend to move on their own, which can help reduce risk when PLD drops. The stock ideas table highlights individual companies that behave independently from PLD.
Best Diversifiers for PLD
169 ETFs have low correlation with PLD (below 0.3), 9 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | -0.05 | -0.00 | 66 | Oil & Gas | PLD vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.18 | -0.03 | 0.01 | 54 | Leveraged Commodities | PLD vs UCO | |
| Invesco DB Commodity Index Tracking Fund | -0.13 | -0.00 | 0.05 | 76 | Commodities | PLD vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.08 | 0.01 | 0.04 | 76 | Commodities | PLD vs PDBC | |
| Harbor Commodity All-Weather Strategy ETF | -0.08 | 0.02 | — | 77 | Commodities | PLD vs HGER |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLD and solid risk/return profiles. The least correlated is Oracle Corporation (ORCL) (Technology) with a 1Y correlation of -0.11, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oracle Corporation | -0.11 | 0.11 | 0.25 | 61 | Technology | |
| AppLovin Corporation | -0.09 | 0.05 | 0.15 | 57 | Technology | |
| Nebius Group N.V. | -0.07 | 0.00 | 0.00 | 97 | Communication Services | |
| Palo Alto Networks, Inc. | -0.04 | 0.10 | 0.21 | 69 | Technology | |
| NVIDIA Corporation | -0.02 | 0.04 | 0.21 | 80 | Technology |
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Build a portfolio that complements PLD
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