Looking to balance out your exposure to PMVP? The ETFs below have the lowest correlation with PMVP — they tend to move on their own, which can help reduce risk when PMVP drops. The stock ideas table highlights individual companies that behave independently from PMVP.
Best Diversifiers for PMVP
1 ETFs have low correlation with PMVP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.20, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.20 | 0.18 | 0.28 | 74 | Nasdaq-100 | PMVP vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PMVP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PMVP and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.12 | -0.00 | 0.01 | 73 | Consumer Defensive | |
| Amazon.com, Inc | 0.17 | 0.13 | 0.21 | 62 | Consumer Cyclical |
Build a portfolio that complements PMVP
Add PMVP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PMVP