Looking to diversify beyond PMMF? The ETFs below have the lowest correlation with PMMF — 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 PMMF.
Best Diversifiers for PMMF
1451 ETFs have low correlation with PMMF (below 0.3), 68 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | -0.14 | — | — | 57 | Energy Equities | PMMF vs ENFR | |
| VanEck Energy Income ETF | -0.14 | — | — | 64 | Energy Equities | PMMF vs EINC | |
| Global X MLP & Energy Infrastructure ETF | -0.14 | -0.08 | -0.08 | 55 | MLPs | PMMF vs MLPX | |
| USCF Midstream Energy Income Fund ETF | -0.12 | — | — | 62 | Energy Equities | PMMF vs UMI | |
| Tortoise North American Pipeline Fund | -0.12 | — | — | 60 | Energy Equities | PMMF vs TPYP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PMMF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PMMF and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.02, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.02 | -0.05 | -0.05 | 72 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.01 | -0.06 | -0.06 | 93 | Technology | |
| Millicom International Cellular S.A. | 0.03 | 0.01 | 0.01 | 98 | Communication Services | |
| FedEx Corporation | 0.04 | 0.00 | 0.00 | 97 | Industrials | |
| NVIDIA Corporation | 0.06 | -0.02 | -0.02 | 72 | Technology |
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