Looking to balance out your exposure to PMT? The ETFs below have the lowest correlation with PMT — they tend to move on their own, which can help reduce risk when PMT drops. The stock ideas table highlights individual companies that behave independently from PMT.
Best Diversifiers for PMT
0 ETFs have low correlation with PMT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.42 | 0.50 | 65 | S&P 500 | PMT vs SPY | |
| Vanguard S&P 500 ETF | 0.30 | 0.42 | 0.50 | 66 | S&P 500 | PMT vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.35 | 0.53 | 0.55 | 91 | Dividend | PMT vs SCHD | |
| SPDR Portfolio High Yield Bond ETF | 0.38 | 0.50 | 0.52 | 72 | High Yield Bonds | PMT vs SPHY | |
| State Street SPDR Bloomberg High Yield Bond ETF | 0.39 | 0.52 | 0.53 | 69 | High Yield Bonds | PMT vs JNK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PMT and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.00, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.00 | 0.16 | 0.20 | 61 | Communication Services | |
| International Seaways, Inc. | 0.09 | 0.09 | 0.13 | 98 | Energy | |
| Altria Group, Inc. | 0.13 | 0.21 | 0.23 | 80 | Consumer Defensive | |
| British American Tobacco p.l.c. | 0.15 | 0.25 | 0.26 | 76 | Consumer Defensive | |
| United Parcel Service, Inc. | 0.25 | 0.36 | 0.39 | 68 | Industrials |
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Build a portfolio that complements PMT
Add PMT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PMT