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High CorrelationLow Correlation

41 Stocks and 59 ETFs for diversifying PBDC (Putnam BDC Income ETF)

The least correlated asset to PBDC (Putnam BDC Income ETF) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.

Stocks that lowly correlated with PBDC

SymbolName
Market cap
SectorIndustry
Correlation
IPODDune Acquisition Corporation II Class A Ordinary Shares$150MFinancial ServicesShell Companies-1.00
NOACUNatural Order Acquisition Corp - Units (1 Ord & 1 War)$289MN/AN/A-0.88
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.73
SOLEmeren Group Ltd American Depositary Shares, each representing 10 shares$100MTechnologySolar-0.71
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.68
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.56
BOACBluescape Opportunities Acquisition Corp - Class A$227MN/AN/A-0.55
SLVRUSilverSPAC Inc - Units (1 Ord Share Class A & 1/4 War)$328MN/AN/A-0.55
HONDHCM II Acquisition Corp. Class A Ordinary Shares$519MFinancial ServicesShell Companies-0.54
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.52
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.50
KGKING PHARMACEUTICALS INC$85MFinancial ServicesInsurance - Reinsurance-0.49
RXDXPrometheus Biosciences Inc$9.49BN/AN/A-0.49
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.48
GLIBAGCI Liberty Inc - Class A$926MCommunication ServicesTelecom Services-0.47
LCCCRLakeshore Acquisition III Corp$500KN/AN/A-0.46
CHPGChampionsGate Acquisition Corp - Class A$77MFinancial ServicesShell Companies-0.46
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.45
NCINeo Concept International Group Holdings Ltd$22MConsumer CyclicalApparel Manufacturing-0.44
WTFWaton Financial Ltd$141MFinancial ServicesCapital Markets-0.44
CRAQCal Redwood Acquisition Corp$320MFinancial ServicesShell Companies-0.43
LNKSLinkers Industries Ltd - Class A$16MIndustrialsElectrical Equipment & Parts-0.43
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.43
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.43
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.42
OPTNOptiNose Inc$112MN/AN/A-0.42
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.42
WSBKWinchester Bancorp Inc$119MFinancial ServicesBanks - Regional-0.41
RDAGRepublic Digital Acquisition Co. - Class A$310MFinancial ServicesShell Companies-0.41
NPACNew Providence Acquisition Corp III - Class A$397MFinancial ServicesShell Companies-0.41
DBVTDBV Technologies$1.10BHealthcareBiotechnology-0.40
GROBrazil Potash Corp$132MBasic MaterialsOther Industrial Metals & Mining-0.40
LITBLightInTheBox Holding Co Ltd$56MConsumer CyclicalInternet Retail-0.39
SZZLRSizzle Acquisition Corp II$1.07MN/AN/A-0.38
GIGGUGigCapital7 Corp - Units (1 Ord Class A & 1 War)$2.83BFinancial ServicesShell Companies-0.38
BKHAUBlack Hawk Acquisition Corp - Units (1 Ord Share Cls A & 1/5 Rts )$39MFinancial ServicesShell Companies-0.38
TVACWTexas Ventures Acquisition III Corp - Warrants (23/04/2030)$153MN/AN/A-0.37
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.37
HYAC-UHaymaker Acquisition Corp 4 - Units (1 Ord Class A & 1/2 War)$65MN/AN/A-0.37
CMDBCostamare Bulkers Holdings Ltd$409MIndustrialsMarine Shipping-0.36
AIIAmerican Integrity Insurance Group Inc$328MFinancial ServicesInsurance - Property & Casualty-0.36

ETFs that lowly correlated with PBDC

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
JHDGWISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA$64M0.49%Apr 7, 2026-1.00
TNGYTORTOISE ENERGY ETF $600M0.85%Dec 27, 2010-0.74
TAILCAMBRIA TAIL RISK ETF $157M0.59%Apr 5, 2017-0.71
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.69
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.69
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.68
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.68
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.67
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.67
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.64
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.63
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.63
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.61
AIBDDIREXION DAILY AI AND BIG DATA BEAR 2X SHARES $4.20MN/AMay 15, 2024-0.59
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.58
METDDIREXION DAILY META BEAR 1X SHARES $8.60M1.02%Jun 5, 2024-0.57
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.57
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $23M0.50%Mar 6, 2024-0.57
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.56
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.56
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $14M1.11%Aug 14, 2024-0.55
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.55
AVSDIREXION DAILY AVGO BEAR 1X SHARES $6.90M1.03%Oct 9, 2024-0.55
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.55
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.54
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.54
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.54
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.54
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.54
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.53
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.53
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.53
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.52
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $339M0.98%May 13, 2019-0.50
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.49
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.49
ETHDProShares UltraShort Ether ETF$84MN/AJun 6, 2024-0.49
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.48
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $9.60MN/AJan 3, 2024-0.48
SETHProShares Short Ether ETF$16M0.95%Nov 1, 2023-0.46
POWVistaShares Electrification Supercycle ETF$39M0.75%Oct 27, 2025-0.45
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.45
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.44
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.43
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.43
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $9.80M1.05%Jul 23, 2024-0.43
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $26MN/AJul 9, 2024-0.42
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $39M1.05%Jul 9, 2024-0.42
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $17M1.02%Sep 6, 2022-0.41
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.41
XOMXDirexion Daily XOM Bull 2X Shares$7.90MN/AApr 22, 2025-0.40
SBITProShares UltraShort Bitcoin ETF$183MN/AApr 1, 2024-0.39
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $42M1.02%Sep 6, 2022-0.39
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.38
NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF$36MN/AOct 18, 2023-0.37
CONIGRANITESHARES 2X SHORT COIN DAILY ETF $17MN/ASep 4, 2024-0.36
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $23M1.01%Sep 12, 2023-0.36
IBGKISHARES IBONDS DEC 2054 TERM TREASURY ETF $3.50M0.07%Jun 11, 2024-0.36
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.36