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
193 ETFs have low correlation with PLDR (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.11 | 0.04 | 71 | Oil & Gas | PLDR vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.11 | 0.03 | 65 | Oil & Gas | PLDR vs BNO | |
| Invesco DB Oil Fund | -0.32 | -0.09 | 0.04 | 65 | Oil & Gas | PLDR vs DBO | |
| iShares Commodities Select Strategy ETF | -0.27 | -0.04 | 0.08 | 71 | Commodities | PLDR vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.26 | -0.04 | 0.09 | 71 | Commodities | PLDR vs GSG |
To view more results, upgrade your current subscription plan.
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 0.38, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.38 | 0.47 | 0.53 | 79 | Industrials | |
| Garmin Ltd. | 0.58 | 0.58 | 0.66 | 56 | Technology |
Build a portfolio that complements PLDR
Add PLDR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PLDR