Looking to diversify beyond PMIO? The ETFs below have historically moved differently from PMIO, 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 PMIO
766 ETFs have low correlation with PMIO (below 0.3), 61 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.36 | — | — | 58 | Oil & Gas | PMIO vs DBO | |
| Invesco DB Energy Fund | -0.35 | — | — | 72 | Oil & Gas | PMIO vs DBE | |
| United States Brent Oil Fund LP | -0.34 | — | — | 52 | Oil & Gas | PMIO vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | — | — | 67 | Commodities | PMIO vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.32 | — | — | 58 | Commodities | PMIO vs COMT |
See all 1283 diversifiers for PMIO
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PMIO
Add PMIO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PMIO