Looking to diversify beyond PMMY? The ETFs below have historically moved differently from PMMY, 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 PMMY
187 ETFs have low correlation with PMMY (below 0.3), 35 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, roughly unchanged from -0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.29 | -0.29 | 53 | Oil & Gas | PMMY vs DBE | |
| Strive U.S. Energy ETF | -0.20 | -0.15 | -0.15 | 61 | Energy Equities | PMMY vs DRLL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | PMMY vs IBIC | |
| ProShares Ultra Energy | -0.18 | -0.13 | -0.13 | 63 | Leveraged Equities | PMMY vs DIG | |
| Direxion Daily Energy Bull 2X Shares | -0.18 | -0.13 | -0.13 | 64 | Energy Equities, Leveraged Equities | PMMY vs ERX |
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