Looking to balance out your exposure to PMTS? The ETFs below have historically moved differently from PMTS, 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 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 0.36, roughly unchanged from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.36 | 0.34 | 0.28 | 68 | S&P 500 | PMTS vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PMTS, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is First Solar, Inc. (FSLR) (Technology) with a 1Y correlation of 0.06, roughly unchanged from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| First Solar, Inc. | 0.06 | 0.21 | 0.16 | 58 | Technology | |
| ON Semiconductor Corporation | 0.14 | 0.22 | 0.23 | 68 | Technology | |
| NVIDIA Corporation | 0.18 | 0.16 | 0.16 | 56 | Technology | |
| JPMorgan Chase & Co. | 0.21 | 0.25 | 0.22 | 71 | Financial Services | |
| Jackson Financial Inc. | 0.22 | 0.27 | — | 81 | Financial Services |
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