Looking to diversify beyond PMMF? The ETFs below have historically moved differently from PMMF, 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 PMMF
1723 ETFs have low correlation with PMMF (below 0.3), 120 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.15 | — | — | 61 | Inverse Equities, Leveraged Equities | PMMF vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.14 | — | — | 75 | Derivative Income | PMMF vs WNTR | |
| Global X MLP & Energy Infrastructure ETF | -0.13 | — | — | 74 | Infrastructure Equities, MLPs | PMMF vs MLPX | |
| Barclays ETN+ Select MLP ETN | -0.12 | -0.07 | -0.07 | 68 | MLPs | PMMF vs ATMP | |
| Alerian Energy Infrastructure ETF | -0.12 | — | — | 79 | Infrastructure Equities, Energy Equities | PMMF vs ENFR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PMMF, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.03 | — | — | 67 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.02 | — | — | 87 | Technology | |
| FedEx Corporation | 0.01 | — | — | 96 | Industrials | |
| NVIDIA Corporation | 0.03 | — | — | 56 | Technology | |
| Millicom International Cellular S.A. | 0.05 | — | — | 98 | Communication Services |
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