Looking to diversify beyond PMDE? The ETFs below have the lowest correlation with PMDE — 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 PMDE.
Best Diversifiers for PMDE
0 ETFs have low correlation with PMDE (below 0.3), 0 of which are negatively correlated. The least correlated is FT Vest U.S. Equity Max Buffer ETF - April (APXM) (Defined Outcome) with a 1Y correlation of 0.62, roughly unchanged from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FT Vest U.S. Equity Max Buffer ETF - April | 0.62 | 0.62 | 0.62 | 97 | Defined Outcome | PMDE vs APXM | |
| Innovator International Developed Power Buffer ETF... | 0.72 | 0.72 | 0.72 | 60 | Options Trading | PMDE vs IDEC | |
| Innovator Emerging Markets Power Buffer ETF - Octo... | 0.77 | 0.77 | 0.77 | 85 | Options Trading | PMDE vs EOCT | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 0.77 | 0.77 | 0.77 | 98 | Options Trading | PMDE vs APRW | |
| Innovator Premium Income 15 Buffer ETF - January | 0.78 | — | — | 82 | Options Trading | PMDE vs LJAN |
See all 19 diversifiers for PMDE
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