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
119 ETFs have low correlation with MMM (below 0.3), 13 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.25, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.25 | -0.05 | 0.02 | 54 | Leveraged Commodities | MMM vs UCO | |
| United States Oil Fund LP | -0.23 | -0.06 | 0.01 | 66 | Oil & Gas | MMM vs USO | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.02 | 0.07 | 75 | Commodities | MMM vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.16 | -0.01 | 0.07 | 74 | Commodities | MMM vs PDBC | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.03 | 0.00 | 100 | Government Bonds, Ultrashort Bond | MMM vs USFR |
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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 -0.08, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.08 | 0.12 | 0.12 | 86 | Energy | |
| BP p.l.c. | -0.08 | 0.13 | 0.18 | 87 | Energy | |
| ConocoPhillips Company | -0.07 | 0.16 | 0.20 | 76 | Energy | |
| Chevron Corporation | -0.06 | 0.18 | 0.23 | 83 | Energy | |
| International Seaways, Inc. | -0.04 | 0.08 | 0.08 | 95 | Energy |
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Build a portfolio that complements MMM
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