Looking to balance out your exposure to PSMMY? The ETFs below have historically moved differently from PSMMY, 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 PSMMY
0 ETFs have low correlation with PSMMY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) (Dividend) with a 1Y correlation of 0.34, roughly unchanged from 0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500® High Dividend Low Volatility ETF | 0.34 | 0.34 | 0.35 | 55 | Dividend, S&P 500, Low Volatility | PSMMY vs SPHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for PSMMY, 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 AGNC Investment Corp. (AGNC) (Real Estate) with a 1Y correlation of 0.44, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AGNC Investment Corp. | 0.44 | 0.39 | 0.36 | 78 | Real Estate |
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