Looking to balance out your exposure to MMM? The ETFs below have historically moved differently from MMM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.22, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | -0.07 | 0.05 | 60 | Commodities | MMM vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.07 | 0.04 | 59 | 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 | -0.07 | -0.02 | 100 | Government Bonds, Ultrashort Bond | MMM vs BIL | |
| iShares Global Energy ETF | -0.07 | 0.16 | 0.23 | 66 | Energy Equities | MMM vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MMM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BP p.l.c. (BP) (Energy) with a 1Y correlation of -0.11, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP p.l.c. | -0.11 | 0.08 | 0.16 | 71 | Energy | |
| ConocoPhillips Company | -0.10 | 0.11 | 0.18 | 68 | Energy | |
| Valero Energy Corporation | -0.10 | 0.14 | 0.20 | 98 | Energy | |
| Chevron Corporation | -0.10 | 0.14 | 0.21 | 72 | Energy | |
| EOG Resources, Inc. | -0.09 | 0.11 | 0.17 | 61 | Energy |
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