Looking to diversify beyond PLDR? The ETFs below have historically moved differently from PLDR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PLDR
189 ETFs have low correlation with PLDR (below 0.3), 42 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.12 | 0.03 | 54 | Oil & Gas | PLDR vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | -0.07 | -0.07 | 98 | Inflation-Protected Bonds | PLDR vs IBIC | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.20 | -0.05 | 0.07 | 51 | Commodities | PLDR vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.04 | 0.08 | 51 | Commodities | PLDR vs GSG | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.02 | 0.09 | 60 | Commodities | PLDR vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PLDR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Howmet Aerospace Inc. (HWM) (Industrials) with a 1Y correlation of 0.37, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.37 | 0.48 | 0.53 | 91 | Industrials | |
| American Express Company | 0.45 | 0.56 | 0.62 | 62 | Financial Services | |
| Garmin Ltd. | 0.50 | 0.57 | 0.65 | 72 | Technology |
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