Looking to balance out your exposure to PMO? The ETFs below have the lowest correlation with PMO — they tend to move on their own, which can help reduce risk when PMO drops. The stock ideas table highlights individual companies that behave independently from PMO.
Best Diversifiers for PMO
1 ETFs have low correlation with PMO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.27 | 0.24 | 74 | S&P 500 | PMO vs VOO | |
| PIMCO Intermediate Municipal Bond Active ETF | 0.45 | 0.44 | 0.38 | 76 | Municipal Bonds | PMO vs MUNI |
Diversification Analysis
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