Overview Performance Dividends Correlations

25 Stocks and 75 ETFs for diversifying PMM (Putnam Managed Municipal Income Trust.)

The least correlated asset to PMM (Putnam Managed Municipal Income Trust.) is ETF PFIX (SIMPLIFY INTEREST RATE HEDGE ETF). The correlation is -0.6939.

Stocks that lowly correlated with PMM

Symbol	Name	Market cap	Sector	Industry	Correlation
CTW	CTW Cayman - Class A	$147M	Communication Services	Electronic Gaming & Multimedia	-0.58
APADR	Enhanced Group Inc	$6.67M	N/A	N/A	-0.56
ARX	Accelerant Holdings - Class A	$2.82B	Financial Services	Insurance Brokers	-0.56
TMUSL	TMobile US Inc 6.250 Senior Notes due 2069	$27B	N/A	N/A	-0.56
APUS	Apimeds Pharmaceuticals US Inc	$8.51M	Healthcare	Drug Manufacturers - Specialty & Generic	-0.54
JEM	707 Cayman Holdings Ltd	$3.49M	Consumer Cyclical	Apparel Retail	-0.51
OMSE	OMS Energy Technologies Inc	$197M	Energy	Oil & Gas Equipment & Services	-0.51
YSXT	Ysx Tech Co.Ltd - Class A	$20M	Industrials	Specialty Business Services	-0.49
FLY	Firefly Aerospace Inc	$3.35B	Industrials	Aerospace & Defense	-0.49
WTGUU	Wintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$18M	Financial Services	Shell Companies	-0.47
CBIO	N/A	$432M	Healthcare	Biotechnology	-0.47
HRYU	Global Interactive Technologies Inc	$760K	Communication Services	Internet Content & Information	-0.47
NYAX	Nayax Ltd	$2.63B	Technology	Software - Infrastructure	-0.47
SMXT	SolarMax Technology Inc	$20M	Technology	Solar	-0.46
ELPW	Elong Power Holding Ltd	$645K	Industrials	Electrical Equipment & Parts	-0.46
NMPAU	NMP Acquisition Corp - Units (1 Ord Cls A & 1 Rts)	$35M	Financial Services	Shell Companies	-0.45
IROHR	CN Healthy Food Tech Group Corp	$35M	N/A	N/A	-0.42
TDAC	Translational Development Acquisition Corp. Ordinary Shares	$185M	Financial Services	Shell Companies	-0.41
UYSCU	UY Scuti Acquisition Corp - Units (1 Ord Shs & 1 Rts)	$56M	Financial Services	Shell Companies	-0.41
DMAA	Drugs Made In America Acquisition Corp	$246M	Financial Services	Shell Companies	-0.41
DXYZ	Destiny Tech100 Inc	$629M	Financial Services	Asset Management	-0.39
IPCX	Inflection Point Acquisition Corp III - Class A	$263M	Financial Services	Shell Companies	-0.39
FACTU	FACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)	$56M	Financial Services	Shell Companies	-0.38
ANTA	Antalpha Platform Holding Company	$95M	Financial Services	Credit Services	-0.38
FGMC	FG Merger II Corp	$83M	Financial Services	Shell Companies	-0.38

ETFs that lowly correlated with PMM

Symbol	Name	AUM	Expense Ratio	Inception Date	Correlation
PFIX	SIMPLIFY INTEREST RATE HEDGE ETF	$176M	0.50%	May 10, 2021	-0.69
REK	PROSHARES SHORT REAL ESTATE	$9.80M	0.95%	Mar 16, 2010	-0.69
SJB	PROSHARES SHORT HIGH YIELD	$56M	0.95%	Mar 21, 2011	-0.67
SRS	ProShares UltraShort Real Estate -2x Shares	$16M	N/A	Jan 30, 2007	-0.66
RISR	FOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF	$274M	1.04%	Sep 30, 2021	-0.65
TAPR	Barclays Bank PLC	$11M	0.79%	Mar 31, 2025	-0.62
EFZ	ProShares Short MSCI EAFE -1X Shares	$12M	0.95%	Oct 23, 2007	-0.58
EFU	ProShares UltraShort MSCI EAFE -2x Shares	$1.20M	N/A	Oct 23, 2007	-0.58
EPV	ProShares UltraShort FTSE Europe -2X Shares	$13M	N/A	Jun 16, 2009	-0.57
HIBS	Direxion Daily S&P 500 High Beta Bear 3X Shares	$17M	N/A	Nov 7, 2019	-0.56
WZRD	Opportunistic Trader ETF	$976K	1.00%	Jun 24, 2025	-0.55
TWM	ProShares UltraShort Russell2000 -2x Shares	$38M	N/A	Jan 23, 2007	-0.54
HDGE	ADVISORSHARES RANGER EQUITY BEAR ETF	$66M	3.62%	Jan 26, 2011	-0.54
DWSH	ADVISORSHARES DORSEY WRIGHT SHORT ETF	$11M	6.22%	Jul 10, 2018	-0.54
KMLM	KRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF	$298M	0.90%	Dec 1, 2020	-0.54
SBB	ProShares Short SmallCap600 -1x Shares	$3.30M	0.95%	Jan 23, 2007	-0.53
SIJ	ProShares UltraShort Industrials -2x Shares	$5.50M	N/A	Jan 30, 2007	-0.53
EWV	ProShares UltraShort MSCI Japan -2x Shares	$5.70M	N/A	Nov 6, 2007	-0.53
RWM	PROSHARES SHORT RUSSELL2000	$113M	0.95%	Jan 23, 2007	-0.53
SH	ProShares Short S&P500 -1x Shares	$973M	0.89%	Jun 19, 2006	-0.53
SPDN	DIREXION DAILY S&P 500 (R) BEAR 1X SHARES	$195M	0.48%	Jun 8, 2016	-0.53
EUM	ProShares Short MSCI Emerging Markets -1x Shares	$9.80M	0.95%	Oct 30, 2007	-0.52
SDD	PROSHARES ULTRASHORT SMALLCAP600	$1.20M	N/A	Jan 23, 2007	-0.52
SDS	ProShares UltraShort S&P500 -2x Shares	$398M	N/A	Jul 11, 2006	-0.52
MYY	PROSHARES SHORT MIDCAP400	$2.90M	0.95%	Jun 19, 2006	-0.52
RBIL	F/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF	$139M	0.17%	Feb 24, 2025	-0.52
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	$35M	0.89%	Jan 17, 2018	-0.52
MZZ	PROSHARES ULTRASHORT MIDCAP400	$2.40M	N/A	Jul 11, 2006	-0.52
EEV	ProShares UltraShort MSCI Emerging Markets -2x Shares	$2.60M	N/A	Oct 30, 2007	-0.52
CPII	AMERICAN BEACON IONIC INFLATION PROTECTION ETF	$11M	0.70%	Jun 28, 2022	-0.51
SKF	ProShares UltraShort Financials -2x Shares	$11M	N/A	May 23, 2007	-0.50
SLTY	YIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF	$19M	1.25%	Aug 20, 2025	-0.50
SEF	ProShares Short Financials -1x Shares	$14M	0.95%	Jun 10, 2008	-0.50
VIXM	ProShares VIX Mid-Term Futures ETF	$40M	0.92%	Jan 3, 2011	-0.50
PSQ	ProShares Short QQQ -1x Shares	$601M	0.95%	Jun 19, 2006	-0.49
DOG	PROSHARES SHORT DOW30	$111M	0.95%	Jun 19, 2006	-0.49
DXD	PROSHARES ULTRASHORT DOW30	$46M	N/A	Jul 11, 2006	-0.48
UVIX	2x Long VIX Futures ETF	$290M	N/A	Mar 28, 2022	-0.47
CRCG	LEVERAGE SHARES 2X LONG CRCL DAILY ETF	$67M	N/A	Aug 8, 2025	-0.47
CCUP	T-REX 2X LONG CRCL DAILY TARGET ETF	$25M	N/A	Aug 8, 2025	-0.47
SZK	ProShares UltraShort Consumer Staples	$4.70M	N/A	Jan 30, 2007	-0.47
EDZ	DIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES	$14M	N/A	Dec 17, 2008	-0.47
DRV	DIREXION DAILY REAL ESTATE BEAR 3X SHARES	$29M	N/A	Jul 16, 2009	-0.47
EMTY	ProShares Decline of the Retail Store ETF -1x Shares	$3M	0.65%	Nov 14, 2017	-0.47
WEBS	DIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES	$8.70M	N/A	Nov 7, 2019	-0.46
SPXU	ProShares UltraPro Short S&P 500	$427M	N/A	Jun 23, 2009	-0.46
LABD	DIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&AMP;P BIOTECH BEAR 3X SHARES	$69M	N/A	May 28, 2015	-0.46
BNKD	Bank of Montreal	$1.10M	N/A	Feb 20, 2025	-0.46
TYO	DIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES	$12M	N/A	Apr 16, 2009	-0.46
PST	PROSHARES ULTRASHORT 7-10 YEAR TREASURY	$11M	N/A	Apr 29, 2008	-0.46
SCC	ProShares UltraShort Consumer Discretionary	$6.80M	N/A	Jan 30, 2007	-0.46
SDOW	ProShares UltraPro Short Dow30 -3x Shares	$185M	N/A	Feb 9, 2010	-0.45
MSTU	T-REX 2X LONG MSTR DAILY TARGET ETF	$291M	N/A	Sep 17, 2024	-0.45
MSTP	GRANITESHARES 2X LONG MSTR DAILY ETF	$5.20M	N/A	Jun 9, 2025	-0.45
TTT	ProShares UltraPro Short 20+ Year Treasury -3x Shares	$17M	N/A	Mar 27, 2012	-0.45
TBX	PROSHARES SHORT 7-10 YEAR TREASURY	$20M	0.95%	Apr 4, 2011	-0.45
TMV	DIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES	$163M	N/A	Apr 16, 2009	-0.45
MUD	Direxion Daily MU Bear 1X Shares	$76M	1.02%	Oct 9, 2024	-0.44
TBT	PROSHARES ULTRASHORT 20+ YEAR TREASURY	$280M	N/A	Apr 29, 2008	-0.44
NFLW	ROUNDHILL NFLX WEEKLYPAY ETF	$6.70M	N/A	Jun 17, 2025	-0.44
TBF	PROSHARES SHORT 20+ YEAR TREASURY	$87M	0.95%	Aug 18, 2009	-0.44
MSTY	YIELDMAX(R) MSTR OPTION INCOME STRATEGY ETF	$710M	1.03%	Feb 21, 2024	-0.44
REW	ProShares UltraShort Technology -2x Shares	$2.80M	N/A	Jan 30, 2007	-0.43
MST	DEFIANCE LEVERAGED LONG + INCOME MSTR ETF	$12M	N/A	May 1, 2025	-0.43
USDU	WISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND	$433M	0.51%	Dec 18, 2013	-0.43
MSTX	Defiance Daily Target 2x Long MSTR ETF	$151M	N/A	Aug 14, 2024	-0.42
NVYY	GraniteShares YieldBOOST NVDA ETF	$39M	1.15%	May 12, 2025	-0.42
BTC	Grayscale Bitcoin Mini Trust ETF	$3.20B	0.15%	Jul 31, 2024	-0.42
NVII	REX NVDA GROWTH & INCOME ETF	$104M	N/A	May 27, 2025	-0.41
MSTW	ROUNDHILL MSTR WEEKLYPAY ETF	$33M	N/A	Jul 23, 2025	-0.41
SARK	TRADR 1X SHORT INNOVATION DAILY ETF	$43M	0.92%	Nov 5, 2021	-0.41
BTCL	T-REX 2X LONG BITCOIN DAILY TARGET ETF	$20M	N/A	Jul 9, 2024	-0.41
RXD	ProShares UltraShort Health Care -2x Shares	$3.20M	N/A	Jan 30, 2007	-0.40
BIS	ProShares UltraShort Nasdaq Biotechnology -2x Shares	$2.20M	N/A	Apr 6, 2010	-0.40
SMN	ProShares UltraShort Materials	$4.10M	N/A	Jan 30, 2007	-0.40