Looking to diversify beyond PQDI? The ETFs below have the lowest correlation with PQDI — 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 PQDI.
Best Diversifiers for PQDI
144 ETFs have low correlation with PQDI (below 0.3), 38 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 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.08 | 0.03 | 71 | Oil & Gas | PQDI vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.06 | 0.03 | 65 | Oil & Gas | PQDI vs BNO | |
| Invesco DB Oil Fund | -0.31 | -0.06 | 0.04 | 65 | Oil & Gas | PQDI vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.02 | 0.07 | 72 | Commodities | PQDI vs GSG | |
| iShares Commodities Select Strategy ETF | -0.25 | -0.02 | 0.06 | 72 | Commodities | PQDI vs COMT |
See all 1201 diversifiers for PQDI
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