Looking to balance out your exposure to PTMN? The ETFs below have the lowest correlation with PTMN — they tend to move on their own, which can help reduce risk when PTMN drops. The stock ideas table highlights individual companies that behave independently from PTMN.
Best Diversifiers for PTMN
1 ETFs have low correlation with PTMN (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 0.12, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.12 | 0.20 | 0.21 | 70 | S&P 500 | PTMN vs SPY |
Diversification Analysis
Build a portfolio that complements PTMN
Add PTMN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PTMN