Looking to balance out your exposure to PUMSY? The ETFs below have historically moved differently from PUMSY, 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 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 0.16, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.16 | 0.23 | 0.30 | 58 | Nasdaq-100 | PUMSY vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.31 | 0.35 | 78 | S&P 500 | PUMSY vs SPY |
Diversification Analysis
Build a portfolio that complements PUMSY
Add PUMSY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PUMSY