Looking to balance out your exposure to MMM? The ETFs below have the lowest correlation with MMM — they tend to move on their own, which can help reduce risk when MMM drops. The stock ideas table highlights individual companies that behave independently from MMM.
Best Diversifiers for MMM
95 ETFs have low correlation with MMM (below 0.3), 5 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.12 | -0.08 | -0.02 | 100 | Government Bonds, Ultrashort Bond | MMM vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | MMM vs USFR | |
| Alpha Architect 1-3 Month Box ETF | -0.07 | 0.01 | — | 100 | Ultrashort Bond | MMM vs BOXX | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.02 | — | — | 100 | Ultrashort Bond | MMM vs VBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.00 | -0.02 | 100 | Ultrashort Bond | MMM vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MMM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MMM and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.09, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.09 | 0.11 | 0.12 | 75 | Energy | |
| ConocoPhillips Company | -0.08 | 0.14 | 0.19 | 65 | Energy | |
| BP p.l.c. | -0.08 | 0.11 | 0.18 | 77 | Energy | |
| Chevron Corporation | -0.07 | 0.16 | 0.22 | 70 | Energy | |
| Valero Energy Corporation | -0.05 | 0.17 | 0.21 | 91 | Energy |
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Build a portfolio that complements MMM
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