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
113 ETFs have low correlation with MMM (below 0.3), 13 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.18, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | -0.05 | 0.06 | 57 | Commodities | MMM vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.06 | 0.05 | 56 | Commodities | MMM vs DBC | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | MMM vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.08 | -0.02 | 100 | Government Bonds, Ultrashort Bond | MMM vs BIL | |
| Vanguard Ultra-Short Treasury ETF | -0.05 | -0.09 | -0.09 | 100 | Ultrashort Bond, Government Bonds | MMM vs VGUS |
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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 | 80 | Energy | |
| Devon Energy Corporation | -0.07 | 0.14 | 0.20 | 76 | Energy | |
| Chevron Corporation | -0.07 | 0.15 | 0.22 | 74 | Energy | |
| BP p.l.c. | -0.07 | 0.09 | 0.17 | 77 | Energy | |
| Occidental Petroleum Corporation | -0.06 | 0.09 | 0.15 | 67 | Energy |
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