Looking to balance out your exposure to PUMSY? The ETFs below have the lowest correlation with PUMSY — they tend to move on their own, which can help reduce risk when PUMSY drops. The stock ideas table highlights individual companies that behave independently from PUMSY.
Best Diversifiers for PUMSY
2 ETFs have low correlation with PUMSY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.21, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.21 | 0.26 | 0.31 | 73 | Nasdaq-100 | PUMSY vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.32 | 0.35 | 70 | S&P 500 | PUMSY vs SPY |
Diversification Analysis
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