The FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio fund is an exchange traded fund (ETF) within the PowerShares family. There is at least 1 fund that is incredibly highly correlated with PDN.
Within the PowerShares family of funds, the most positively correlated other funds are DWA Basic Materials Momentum Portfolio, S&P International Developed Low Volatility Portfolio, S&P 500 High Beta Portfolio, DWA Developed Markets Momentum Portfolio, FTSE RAFI US 1500 Small-Mid Portfolio.
Outside of the PowerShares family, the most positively correlated other funds are Schwab - International Small/Mid-Cap Core, SPDR - S&P International Mid Cap, Vanguard Mutual Funds - FTSE All-World ex-US Small-Cap Index, SPDR - S&P International Industrial Sector, Vanguard - FTSE All-World ex-US Small-Cap.
|PYZ||PowerShares||DWA Basic Materials Momentum Portfolio||96.1%|
|IDLV||PowerShares||S&P International Developed Low Volatility Portfolio||96.0%|
|SPHB||PowerShares||S&P 500 High Beta Portfolio||95.7%|
|PIZ||PowerShares||DWA Developed Markets Momentum Portfolio||95.4%|
|PRFZ||PowerShares||FTSE RAFI US 1500 Small-Mid Portfolio||95.4%|
|PSAU||PowerShares||Global Gold and Precious Metals Portfolio||-38.3%|
|UDN||PowerShares||DB US Dollar Index Bearish Fund||-35.5%|
|PBW||PowerShares||WilderHill Clean Energy Portfolio||-31.0%|
|DBO||PowerShares||DB Oil Fund||-29.6%|
|DBC||PowerShares||DB Commodity Index Tracking Fund||-26.3%|
|SCHC||Schwab||International Small/Mid-Cap Core||99.1%|
|MDD||SPDR||S&P International Mid Cap||98.6%|
|VFSVX||Vanguard Mutual Funds||FTSE All-World ex-US Small-Cap Index||98.5%|
|IPN||SPDR||S&P International Industrial Sector||98.4%|
|VSS||Vanguard||FTSE All-World ex-US Small-Cap||98.4%|
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