Looking to balance out your exposure to PMTS? The ETFs below have the lowest correlation with PMTS — they tend to move on their own, which can help reduce risk when PMTS drops. The stock ideas table highlights individual companies that behave independently from PMTS.
Best Diversifiers for PMTS
0 ETFs have low correlation with PMTS (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 0.37, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.37 | 0.33 | 0.28 | 70 | S&P 500 | PMTS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PMTS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PMTS and solid risk/return profiles. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.09 | 0.22 | 0.16 | 81 | Technology | |
| ON Semiconductor Corporation | 0.17 | 0.24 | 0.23 | 93 | Technology | |
| NVIDIA Corporation | 0.18 | 0.17 | 0.16 | 78 | Technology | |
| JPMorgan Chase & Co. | 0.27 | 0.25 | 0.22 | 59 | Financial Services |
Build a portfolio that complements PMTS
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