Looking to diversify beyond PLDR? The ETFs below have the lowest correlation with PLDR — 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 PLDR.
Best Diversifiers for PLDR
147 ETFs have low correlation with PLDR (below 0.3), 19 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | — | — | 98 | Inflation-Protected Bonds | PLDR vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | — | — | 99 | Ultrashort Bond | PLDR vs CSHP | |
| First Trust Alternative Absolute Return Strategy E... | -0.13 | -0.03 | -0.01 | 75 | Commodities | PLDR vs FAAR | |
| Brookstone Ultra-Short Bond ETF | -0.10 | — | — | 98 | Ultrashort Bond | PLDR vs BAMU | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.10 | — | — | 95 | Inflation-Protected Bonds | PLDR vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PLDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PLDR and solid risk/return profiles. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.37, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.37 | 0.47 | 0.52 | 85 | Industrials | |
| American Express Company | 0.50 | 0.53 | 0.58 | 56 | Financial Services | |
| Garmin Ltd. | 0.56 | 0.58 | 0.66 | 59 | Technology |
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