Looking to balance out your exposure to PM? The ETFs below have historically moved differently from PM, 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 PM
285 ETFs have low correlation with PM (below 0.3), 183 of which are negatively correlated. The least correlated is Invesco AI and Next Gen Software ETF (IGPT) (Artificial Intelligence) with a 1Y correlation of -0.29, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco AI and Next Gen Software ETF | -0.29 | -0.11 | 0.02 | 81 | Artificial Intelligence, Technology Equities | PM vs IGPT | |
| VanEck Fabless Semiconductor ETF | -0.28 | -0.21 | -0.21 | 61 | Semiconductors, Technology Equities | PM vs SMHX | |
| Fidelity MSCI Information Technology Index ETF | -0.27 | -0.10 | 0.04 | 58 | Technology Equities | PM vs FTEC | |
| ProShares Ultra Semiconductors | -0.27 | -0.15 | -0.02 | 57 | Leveraged Equities, Semiconductors | PM vs USD | |
| Vanguard Information Technology ETF | -0.27 | -0.10 | 0.04 | 57 | Technology Equities | PM vs VGT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PM, 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 BlackRock Science and Technology Term Trust (BSTZ) (Financial Services) with a 1Y correlation of -0.26, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Science and Technology Term Trust | -0.26 | -0.06 | 0.04 | 89 | Financial Services | |
| Advanced Micro Devices, Inc. | -0.25 | -0.09 | -0.02 | 93 | Technology | |
| Intel Corporation | -0.24 | -0.06 | 0.05 | 98 | Technology | |
| Sandisk Corporation | -0.24 | -0.19 | -0.19 | 100 | Technology | |
| Marvell Technology, Inc. | -0.23 | -0.10 | 0.00 | 90 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements PM
Add PM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PM