Looking to diversify beyond PTBD? The ETFs below have historically moved differently from PTBD, 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 PTBD
145 ETFs have low correlation with PTBD (below 0.3), 43 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.17 | -0.04 | 53 | Oil & Gas | PTBD vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.11 | 0.01 | 50 | Commodities | PTBD vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.26 | — | — | 52 | Commodities | PTBD vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.26 | -0.09 | 0.02 | 56 | Commodities | PTBD vs DBC | |
| Fidelity Managed Futures ETF | -0.24 | -0.23 | -0.23 | 77 | Systematic Trend, Actively Managed | PTBD vs FFUT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PTBD, 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 Devon Energy Corporation (DVN) (Energy) with a 1Y correlation of -0.20, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Devon Energy Corporation | -0.20 | -0.02 | 0.06 | 76 | Energy | |
| DigitalBridge Group, Inc. | 0.19 | 0.25 | 0.30 | 81 | Real Estate | |
| CrowdStrike Holdings, Inc. | 0.22 | 0.22 | 0.28 | 83 | Technology | |
| Amazon.com, Inc | 0.22 | 0.25 | 0.30 | 70 | Consumer Cyclical | |
| Arista Networks, Inc. | 0.24 | 0.21 | 0.28 | 74 | Technology |
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