Looking to diversify beyond PQDI? The ETFs below have historically moved differently from PQDI, 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 PQDI
147 ETFs have low correlation with PQDI (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.36, down from -0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.36 | -0.22 | — | 61 | Cryptocurrency | PQDI vs BITI | |
| Invesco DB Energy Fund | -0.36 | -0.12 | 0.00 | 72 | Oil & Gas | PQDI vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.10 | 0.01 | 52 | Oil & Gas | PQDI vs BNO | |
| Invesco DB Oil Fund | -0.32 | -0.09 | 0.02 | 58 | Oil & Gas | PQDI vs DBO | |
| Alpha Architect Tail Risk ETF | -0.29 | -0.04 | — | 56 | Options Trading | PQDI vs CAOS |
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