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
192 ETFs have low correlation with PLDR (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.34 | -0.36 | 57 | Cryptocurrency | PLDR vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.11 | 0.04 | 53 | Oil & Gas | PLDR vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | PLDR vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.03 | 0.09 | 51 | Commodities | PLDR vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.16 | -0.02 | -0.02 | 51 | Commodities | PLDR vs DCMT |
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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 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.37 | 0.48 | 0.53 | 87 | Industrials | |
| American Express Company | 0.46 | 0.53 | 0.57 | 57 | Financial Services | |
| Garmin Ltd. | 0.53 | 0.58 | 0.65 | 58 | Technology |
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