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
118 ETFs have low correlation with PQDI (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.35, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.35 | -0.22 | -0.22 | 57 | Cryptocurrency | PQDI vs BITI | |
| Invesco DB Energy Fund | -0.32 | -0.09 | 0.02 | 53 | Oil & Gas | PQDI vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.02 | 0.06 | 51 | Commodities | PQDI vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.20 | -0.05 | -0.05 | 51 | Commodities | PQDI vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.00 | 0.07 | 54 | Commodities | PQDI vs DBC |
See all 1133 diversifiers for PQDI
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