Looking to diversify beyond PMJN? The ETFs below have historically moved differently from PMJN, 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 PMJN
227 ETFs have low correlation with PMJN (below 0.3), 33 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | — | — | 61 | Cryptocurrency | PMJN vs BITI | |
| Alpha Architect Tail Risk ETF | -0.34 | — | — | 56 | Options Trading | PMJN vs CAOS | |
| Invesco DB Energy Fund | -0.24 | — | — | 72 | Oil & Gas | PMJN vs DBE | |
| United States Brent Oil Fund LP | -0.21 | — | — | 52 | Oil & Gas | PMJN vs BNO | |
| Invesco DB Oil Fund | -0.19 | — | — | 58 | Oil & Gas | PMJN vs DBO |
See all 1380 diversifiers for PMJN
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