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28 Stocks and 72 ETFs for diversifying Pennymac Mortgage Investment Trust (PMT-P-C)

The least correlated asset to Pennymac Mortgage Investment Trust (PMT-P-C) is ETF DWSH (ADVISORSHARES DORSEY WRIGHT SHORT ETF). The correlation is -0.7935.

Stocks that lowly correlated with PMT-P-C

SymbolName
Market cap
SectorIndustry
Correlation
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$20MFinancial ServicesShell Companies-0.77
CRCLCircle Internet Group Inc - Class A$25BFinancial ServicesCapital Markets-0.67
SMXTSolarMax Technology Inc$31MTechnologySolar-0.56
STRZStarz Entertainment Corp$380MCommunication ServicesEntertainment-0.55
TMDETMD Energy Ltd$18MEnergyOil & Gas Midstream-0.54
RNERUMount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt)$125MN/AN/A-0.53
JCICUJack Creek Investment Corp - Units (1 Ord Share Class A & 1/2 War)$432MN/AN/A-0.51
QSEAQuartzsea Acquisition Corp$87MFinancial ServicesShell Companies-0.46
RIBBURibbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts)$56MFinancial ServicesShell Companies-0.46
CHAChagee Holdings Ltd$1.65BConsumer CyclicalRestaurants-0.46
CDTGCDT Environmental Technology Investment Holdings Ltd$3.77MIndustrialsWaste Management-0.43
DECN/A$1.05BEnergyOil & Gas Integrated-0.43
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.42
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.40
NYAXNayax Ltd$3.09BTechnologySoftware - Infrastructure-0.40
MOBXMobix Labs Inc - Class A$20MTechnologySemiconductors-0.39
STAKStak Inc$17MEnergyOil & Gas Equipment & Services-0.39
SAFXXCF Global Inc$126MUtilitiesUtilities - Renewable-0.39
HNGEHinge Health Inc - Class A$4.21BHealthcareHealth Information Services-0.38
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.37
BMGLBasel Medical Group Ltd$11MHealthcareMedical Care Facilities-0.36
EMAEmera Incorporated$16BUtilitiesUtilities - Regulated Electric-0.36
RIBBRRibbon Acquisition Corp Rights$277KN/AN/A-0.35
EQVEQV Ventures Acquisition Corp.$466MFinancial ServicesShell Companies-0.34
AKUSAkouos Inc$490MN/AN/A-0.34
TTANServiceTitan Inc - Class A$5.85BTechnologySoftware - Application-0.33
DAICCID HoldCo Inc$5.39MTechnologyInformation Technology Services-0.33
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.33

ETFs that lowly correlated with PMT-P-C

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $9M6.22%Jul 10, 2018-0.79
REKPROSHARES SHORT REAL ESTATE $12M0.95%Mar 16, 2010-0.78
SJBPROSHARES SHORT HIGH YIELD $103M0.95%Mar 21, 2011-0.76
SEFProShares Short Financials -1x Shares$18M0.95%Jun 10, 2008-0.73
SKFProShares UltraShort Financials -2x Shares$16MN/AMay 23, 2007-0.72
SIJProShares UltraShort Industrials -2x Shares$6.20MN/AJan 30, 2007-0.71
MZZPROSHARES ULTRASHORT MIDCAP400 $734KN/AJul 11, 2006-0.71
MYYPROSHARES SHORT MIDCAP400 $2.70M0.95%Jun 19, 2006-0.70
NFLWROUNDHILL NFLX WEEKLYPAY ETF $16MN/AJun 17, 2025-0.70
EFUProShares UltraShort MSCI EAFE -2x Shares$932KN/AOct 23, 2007-0.70
EFZProShares Short MSCI EAFE -1X Shares$16M0.95%Oct 23, 2007-0.70
SRSProShares UltraShort Real Estate -2x Shares$17MN/AJan 30, 2007-0.70
SBBProShares Short SmallCap600 -1x Shares$4.10M0.95%Jan 23, 2007-0.69
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.69
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.60MN/AJan 23, 2007-0.68
DXDPROSHARES ULTRASHORT DOW30 $51MN/AJul 11, 2006-0.67
SDSProShares UltraShort S&P500 -2x Shares$443MN/AJul 11, 2006-0.67
EPVProShares UltraShort FTSE Europe -2X Shares$14MN/AJun 16, 2009-0.66
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.66
TWMProShares UltraShort Russell2000 -2x Shares$47MN/AJan 23, 2007-0.66
SHProShares Short S&P500 -1x Shares$1.20B0.89%Jun 19, 2006-0.66
RWMPROSHARES SHORT RUSSELL2000 $143M0.95%Jan 23, 2007-0.66
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $220M0.48%Jun 8, 2016-0.66
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$19MN/ANov 7, 2019-0.65
SDOWProShares UltraPro Short Dow30 -3x Shares$180MN/AFeb 9, 2010-0.65
EWVProShares UltraShort MSCI Japan -2x Shares$7.20MN/ANov 6, 2007-0.63
SMNProShares UltraShort Materials$3.10MN/AJan 30, 2007-0.63
BNKDBank of Montreal$1.40MN/AFeb 20, 2025-0.62
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$37M0.89%Jan 17, 2018-0.61
VIXMProShares VIX Mid-Term Futures ETF$56M0.92%Jan 3, 2011-0.61
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$6.10MN/AOct 30, 2007-0.60
EUMProShares Short MSCI Emerging Markets -1x Shares$8.80M0.95%Oct 30, 2007-0.60
MUDDirexion Daily MU Bear 1X Shares$27M1.02%Oct 9, 2024-0.58
UVIX2x Long VIX Futures ETF$499MN/AMar 28, 2022-0.56
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $210M0.50%May 10, 2021-0.55
SCCProShares UltraShort Consumer Discretionary$6.20MN/AJan 30, 2007-0.54
PSQProShares Short QQQ -1x Shares$519M0.95%Jun 19, 2006-0.53
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.53
DRVDIREXION DAILY REAL ESTATE BEAR 3X SHARES $33MN/AJul 16, 2009-0.53
WZRDOpportunistic Trader ETF$3.90M1.00%Jun 24, 2025-0.52
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $62M0.79%Jun 28, 2024-0.51
MMKTTEXAS CAPITAL GOVERNMENT MONEY MARKET ETF $70M0.20%Sep 24, 2024-0.51
EMTYProShares Decline of the Retail Store ETF -1x Shares$2.90M0.65%Nov 14, 2017-0.51
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $176MN/AApr 16, 2009-0.50
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$19MN/AMar 27, 2012-0.50
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $296MN/AApr 29, 2008-0.50
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $37MN/ADec 17, 2008-0.49
SPXUProShares UltraPro Short S&P 500$562MN/AJun 23, 2009-0.49
GGOViShares Global Government Bond USD Hedged Active$44M0.39%Jun 25, 2025-0.49
TBFPROSHARES SHORT 20+ YEAR TREASURY $81M0.95%Aug 18, 2009-0.49
SOFRAmplify Samsung SOFR ETF$423M0.20%Nov 14, 2023-0.48
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $10MN/ANov 7, 2019-0.47
USDUWISDOMTREE BLOOMBERG U.S. DOLLAR BULLISH FUND $396M0.51%Dec 18, 2013-0.47
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.45
NVDSTradr 1.5X Short NVDA Daily ETF$23MN/AJul 13, 2022-0.45
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.70M1.01%Oct 2, 2024-0.44
REWProShares UltraShort Technology -2x Shares$3.70MN/AJan 30, 2007-0.44
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.43
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $11MN/AApr 16, 2009-0.43
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $228M1.04%Sep 30, 2021-0.43
TBXPROSHARES SHORT 7-10 YEAR TREASURY $18M0.95%Apr 4, 2011-0.42
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.50MN/AApr 6, 2010-0.40
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.40
KMLMKRANESHARES MOUNT LUCAS MANAGED FUTURES INDEX STRATEGY ETF $307M0.90%Dec 1, 2020-0.40
RXDProShares UltraShort Health Care -2x Shares$4.90MN/AJan 30, 2007-0.40
UUPInvesco DB US Dollar Index Bullish Fund$352M0.75%Feb 20, 2007-0.39
YCSProShares UltraShort Yen -2x Shares$28MN/ANov 24, 2008-0.38
QIDPROSHARES ULTRASHORT QQQ $279MN/AJul 11, 2006-0.38
SARKTRADR 1X SHORT INNOVATION DAILY ETF $68M0.92%Nov 5, 2021-0.37
SDPProShares UltraShort Utilities -2x Shares$4.60MN/AJan 30, 2007-0.37
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.37
USOYDEFIANCE OIL ENHANCED OPTIONS INCOME ETF $76M1.12%May 9, 2024-0.33