Looking to diversify beyond PCMM? The ETFs below have the lowest correlation with PCMM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PCMM.
Best Diversifiers for PCMM
1135 ETFs have low correlation with PCMM (below 0.3), 67 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.12, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.12 | -0.10 | -0.10 | 57 | Cryptocurrency | PCMM vs BITI | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.10 | — | — | 96 | Municipal Bonds | PCMM vs GUMI | |
| Breakwave Dry Bulk Shipping ETF | -0.09 | — | — | 78 | Commodities | PCMM vs BDRY | |
| GraniteShares 2x Long DELL Daily ETF | -0.07 | — | — | 96 | Leveraged Equities | PCMM vs DLLL | |
| Invesco Ultra Short Duration ETF | -0.07 | 0.03 | 0.03 | 99 | Ultrashort Bond | PCMM vs GSY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCMM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCMM and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ellington Financial Inc. | 0.04 | — | — | 67 | Real Estate | |
| PIMCO Dynamic Income Opportunities Fund | 0.06 | — | — | 69 | Financial Services |
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