Looking to balance out your exposure to PMM? The ETFs below have the lowest correlation with PMM — they tend to move on their own, which can help reduce risk when PMM drops. The stock ideas table highlights individual companies that behave independently from PMM.
Best Diversifiers for PMM
1 ETFs have low correlation with PMM (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of -0.05, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.05 | -0.04 | -0.05 | 100 | Government Bonds, Ultrashort Bond | PMM vs TFLO | |
| VanEck Vectors High-Yield Municipal Index ETF | 0.42 | 0.43 | 0.37 | 59 | Municipal Bonds | PMM vs HYD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PMM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PMM and solid risk/return profiles. The least correlated is Cohen & Steers Quality Income Realty Fund (RQI) (Financial Services) with a 1Y correlation of 0.26, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Quality Income Realty Fund | 0.26 | 0.32 | 0.28 | 67 | Financial Services |
Build a portfolio that complements PMM
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