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High CorrelationLow Correlation

40 Stocks and 60 ETFs for diversifying PBDC (Putnam BDC Income ETF)

The least correlated asset to PBDC (Putnam BDC Income ETF) is company Dune Acquisition Corporation II Ordinary Shares (IPOD). 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-0.70
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.69
FLACFrazier Lifesciences Acquisition Corp - Class A$175MN/AN/A-0.68
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.67
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.66
HCMAUHCM III Acquisition Corp - Units (1 Ord Cls A & 1 War)$77MFinancial ServicesShell Companies-0.62
INACRIndigo Acquisition Corp Right$448KN/AN/A-0.58
BUUUBUUU Group Ltd - Class A$293MIndustrialsSpecialty Business Services-0.57
OFSSOOFS Capital Corp$341MN/AN/A-0.56
USXU.S. Xpress Enterprises Inc - Class A$332MIndustrialsTrucking-0.55
BOACBluescape Opportunities Acquisition Corp - Class A$227MN/AN/A-0.55
ALMAlma Metals Limited$3.90BBasic MaterialsOther Industrial Metals & Mining-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
FRBNForbion European Acquisition Corp - Class A$343MFinancial ServicesShell Companies-0.53
KGKING PHARMACEUTICALS INC$77MFinancial ServicesInsurance - Reinsurance-0.50
RXDXPrometheus Biosciences Inc$9.49BN/AN/A-0.49
STBXStarbox Group Holdings Ltd$1.14MCommunication ServicesInternet Content & Information-0.48
SLGCSomaLogic Inc - Class A$393MHealthcareHealth Information Services-0.48
VNMEWVendome Acquisition Corporation I Warrant$2.70MN/AN/A-0.47
CCIIWCohen Circle Acquisition Corp II - Warrants(01/07/2030)$3.81MN/AN/A-0.47
CCIICohen Circle Acquisition Corp II - Class A$269MFinancial ServicesShell Companies-0.46
CHPGChampionsGate Acquisition Corp - Class A$78MFinancial ServicesShell Companies-0.45
LCCCRLakeshore Acquisition III Corp$349KN/AN/A-0.45
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.45
HVMCUHighview Merger Corp - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.45
NCINeo Concept International Group Holdings Ltd$48MConsumer CyclicalApparel Manufacturing-0.44
LNKSLinkers Industries Ltd - Class A$16MIndustrialsElectrical Equipment & Parts-0.44
NAACUNorth Atlantic Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$482MN/AN/A-0.43
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.42
OPTNOptiNose Inc$112MN/AN/A-0.42
BOWNBowen Acquisition Corp$21MFinancial ServicesShell Companies-0.42
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.42
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.41
RDAGRepublic Digital Acquisition Co. - Class A$311MFinancial ServicesShell Companies-0.41
KCHVKochav Defense Acquisition Corp - Class A$263MFinancial ServicesShell Companies-0.41
LITBLightInTheBox Holding Co Ltd$60MConsumer CyclicalInternet Retail-0.41

ETFs that lowly correlated with PBDC

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DVUTWEBS Defined Volatility XLU ETF$273K0.89%Jul 22, 2025-0.72
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.70
GLDNNICHOLAS GOLD INCOME ETF $2.50M1.07%Feb 17, 2026-0.70
RFIXSimplify Downside Interest Rate Hedge Strategy ETF$56M0.50%Dec 9, 2024-0.69
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.69
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.66
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.66
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.66
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.65
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.62
XLUISTATE STREET(R) UTILITIES SELECT SECTOR SPDR(R) PREMIUM INCOME ETF $22M0.35%Jul 29, 2025-0.61
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.60
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.60
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.60
BILTiShares Infrastructure Active ETF$32M0.60%Jul 29, 2025-0.59
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.58
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.58
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.57
TLTXGLOBAL X TREASURY BOND ENHANCED INCOME ETF $14M0.29%Jul 15, 2025-0.56
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.56
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.56
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.55
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.55
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.54
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.54
QIDPROSHARES ULTRASHORT QQQ $233MN/AJul 11, 2006-0.54
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.54
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.54
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.53
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.53
RIFRRUSSELL INVESTMENTS GLOBAL INFRASTRUCTURE ETF $43M0.59%May 13, 2025-0.53
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.53
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.53
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.53
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.52
HECAHEDGEYE CAPITAL ALLOCATION ETF $312M1.30%Jun 30, 2025-0.52
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.52
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.52
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.50
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.50
ETHDProShares UltraShort Ether ETF$86MN/AJun 6, 2024-0.50
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.50
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.49
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.48
SETHProShares Short Ether ETF$23M0.95%Nov 1, 2023-0.48
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.48
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $276M0.98%May 13, 2019-0.47
IBGLISHARES IBONDS DEC 2055 TERM TREASURY ETF $6M0.07%Mar 25, 2025-0.47
BESFBASTION ENERGY ETF $33M0.80%Jun 3, 2025-0.46
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.46
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.44
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.43
FIATYIELDMAX(R) SHORT COIN OPTION INCOME STRATEGY ETF $35M1.05%Jul 9, 2024-0.43
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.43
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.43
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.42
BTCZT-REX 2X INVERSE BITCOIN DAILY TARGET ETF $30MN/AJul 9, 2024-0.42
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.42
POWVistaShares Electrification Supercycle ETF$68M0.75%Oct 27, 2025-0.42
BLTDBLUEMONTE LONG TERM BOND ETF $166M0.23%Jun 20, 2025-0.41