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
164 ETFs have low correlation with PLD (below 0.3), 7 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.13, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.13 | -0.03 | 0.04 | 60 | Commodities | PLD vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.13 | -0.02 | 0.04 | 59 | Commodities | PLD vs DBC | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.04 | — | — | 100 | Ultrashort Bond | PLD vs VBIL | |
| Harbor Commodity All-Weather Strategy ETF | -0.04 | -0.01 | — | 77 | Commodities | PLD vs HGER | |
| WisdomTree Floating Rate Treasury Fund | -0.01 | 0.06 | 0.00 | 100 | Government Bonds, Ultrashort Bond | PLD vs USFR |
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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 Nebius Group N.V. (NBIS) (Communication Services) with a 1Y correlation of -0.12, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | -0.12 | -0.02 | -0.02 | 94 | Communication Services | |
| AppLovin Corporation | -0.08 | 0.06 | 0.18 | 58 | Communication Services | |
| NVIDIA Corporation | -0.08 | 0.03 | 0.20 | 70 | Technology | |
| CrowdStrike Holdings, Inc. | -0.05 | 0.08 | 0.18 | 83 | Technology | |
| Palo Alto Networks, Inc. | -0.04 | 0.08 | 0.19 | 86 | Technology |
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