Looking to diversify beyond PMJL? The ETFs below have the lowest correlation with PMJL — 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 PMJL.
Best Diversifiers for PMJL
2 ETFs have low correlation with PMJL (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Ultra Short Municipal Bond ETF (PUSH) (Municipal Bonds) with a 1Y correlation of 0.08, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Municipal Bond ETF | 0.08 | 0.08 | 0.08 | 88 | Municipal Bonds | PMJL vs PUSH | |
| PGIM Ultra Short Bond ETF | 0.26 | 0.26 | 0.26 | 100 | Ultrashort Bond | PMJL vs PULS | |
| PGIM Short Duration Multi-Sector Bond ETF | 0.31 | — | — | 89 | Multisector Bonds | PMJL vs PSDM | |
| PGIM Floating Rate Income ETF | 0.37 | 0.37 | 0.37 | 91 | Bank Loan | PMJL vs PFRL | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | 0.50 | 0.50 | 0.50 | 94 | Defined Outcome | PMJL vs EAPR |
See all 40 diversifiers for PMJL
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