Looking to diversify beyond PTBD? The ETFs below have the lowest correlation with PTBD — 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 PTBD.
Best Diversifiers for PTBD
169 ETFs have low correlation with PTBD (below 0.3), 40 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.14 | -0.02 | 71 | Oil & Gas | PTBD vs DBE | |
| Invesco DB Oil Fund | -0.33 | -0.13 | -0.02 | 65 | Oil & Gas | PTBD vs DBO | |
| United States Brent Oil Fund LP | -0.32 | -0.14 | -0.03 | 65 | Oil & Gas | PTBD vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.30 | -0.09 | 0.02 | 71 | Commodities | PTBD vs GSG | |
| iShares Commodities Select Strategy ETF | -0.30 | -0.09 | 0.02 | 71 | Commodities | PTBD vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PTBD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PTBD and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of 0.16, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | 0.16 | 0.23 | 0.28 | 70 | Technology | |
| Amazon.com, Inc | 0.18 | 0.25 | 0.32 | 60 | Consumer Cyclical | |
| DigitalBridge Group, Inc. | 0.19 | 0.27 | 0.30 | 73 | Real Estate | |
| Apple Inc | 0.27 | 0.25 | 0.31 | 89 | Technology | |
| Amgen Inc. | 0.27 | 0.26 | 0.27 | 62 | Healthcare |
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