Looking to diversify beyond PMNV? The ETFs below have the lowest correlation with PMNV — 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 PMNV.
Best Diversifiers for PMNV
0 ETFs have low correlation with PMNV (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM AAA CLO ETF (PAAA) (CLO) with a 1Y correlation of 0.37, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM AAA CLO ETF | 0.37 | 0.37 | 0.37 | 99 | CLO | PMNV vs PAAA | |
| PGIM Short Duration High Yield ETF | 0.62 | — | — | 71 | High Yield Bonds | PMNV vs PSH | |
| FT Vest Emerging Markets Buffer ETF - March | 0.66 | — | — | 94 | Defined Outcome | PMNV vs TMAR | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 0.76 | 0.76 | 0.76 | 74 | Defined Outcome | PMNV vs KFEB | |
| PGIM S&P 500 Max Buffer ETF - May | 0.81 | 0.81 | 0.81 | 98 | Defined Outcome, S&P 500 | PMNV vs PMMY |
See all 7 diversifiers for PMNV
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