Looking to diversify beyond PMSE? The ETFs below have historically moved differently from PMSE, 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 PMSE
3 ETFs have low correlation with PMSE (below 0.3), 0 of which are negatively correlated. The least correlated is PGIM Ultra Short Municipal Bond ETF (PUSH) (Municipal Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Ultra Short Municipal Bond ETF | 0.14 | 0.14 | 0.14 | 90 | Municipal Bonds | PMSE vs PUSH | |
| PGIM Ultra Short Bond ETF | 0.21 | 0.21 | 0.21 | 99 | Ultrashort Bond | PMSE vs PULS | |
| PGIM AAA CLO ETF | 0.30 | 0.30 | 0.30 | 99 | CLO | PMSE vs PAAA | |
| PGIM Floating Rate Income ETF | 0.35 | 0.35 | 0.35 | 93 | Bank Loan | PMSE vs PFRL | |
| Innovator Emerging Markets Power Buffer ETF - Apri... | 0.52 | 0.52 | 0.52 | 76 | Defined Outcome | PMSE vs EAPR |
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