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High CorrelationLow Correlation

41 Stocks and 59 ETFs for diversifying Pennymac Mortgage Investment Trust (PMT)

The least correlated asset to Pennymac Mortgage Investment Trust (PMT) is company Julong (JLHL). The correlation is -0.6352.

Stocks that lowly correlated with PMT

SymbolName
Market cap
SectorIndustry
Correlation
JLHLJulong Holding Ltd - Class A$219MIndustrialsBuilding Products & Equipment-0.64
QSEARQuartzsea Acquisition Corp$845KN/AN/A-0.62
KGKING PHARMACEUTICALS INC$77MFinancial ServicesInsurance - Reinsurance-0.61
DFSCDEFSEC Technologies Inc Com$3.99MIndustrialsAerospace & Defense-0.56
INACUIndigo Acquisition Corp - Units (1 Ord Shs & 1 Rts)$34MFinancial ServicesShell Companies-0.53
SEGGLottery.com Inc$4.48MConsumer CyclicalGambling-0.52
ECGEverus Construction Group$7.07BIndustrialsEngineering & Construction-0.51
VCKAUScilex Holding Company - Units (1 Ord & 1/2 War)$37MN/AN/A-0.50
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.50
TDICDreamland Ltd$17MCommunication ServicesAdvertising Agencies-0.50
BUUUBUUU Group Ltd - Class A$293MIndustrialsSpecialty Business Services-0.49
CAEPCantor Equity Partners III Inc - Class A$420MFinancial ServicesShell Companies-0.49
NCINeo Concept International Group Holdings Ltd$48MConsumer CyclicalApparel Manufacturing-0.48
OSTXOS Therapies Inc$61MHealthcareBiotechnology-0.48
TOPPToppoint Holdings Inc$15MIndustrialsTrucking-0.47
YSXTYsx Tech Co.Ltd - Class A$20MIndustrialsSpecialty Business Services-0.45
GENVRGen Digital Inc$843MN/AN/A-0.45
FATNFatpipe Inc$67MTechnologySoftware - Infrastructure-0.45
HRYUGlobal Interactive Technologies Inc$760KCommunication ServicesInternet Content & Information-0.44
HMRSports Properties Acquisition Corp$65MIndustrialsMarine Shipping-0.44
GTERUGloba Terra Acquisition Corp - Units (1 Ord Class A 3/4 War & 1 Rts)$53MFinancial ServicesShell Companies-0.43
BSAABEST SPAC I Acquisition Corp - Class A$63MFinancial ServicesShell Companies-0.43
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.43
MNRMach Natural Resources LP$2.20BEnergyOil & Gas E&p-0.42
YHNAUYHN Acquisition I Ltd - Units (1 Ord & 1 Rts)$64MFinancial ServicesShell Companies-0.42
ATIIUArchimedes Tech SPAC Partners II Co. - Units (1 Ord & 1/2 War)$267MFinancial ServicesShell Companies-0.42
WFFWF Holding Ltd$12MIndustrialsSpecialty Industrial Machinery-0.42
STFSStar Fashion Culture Holdings Ltd - Class A$903KCommunication ServicesAdvertising Agencies-0.42
FACTUFACT II Acquisition Corp - Units (1 Ord Class A & 1/2 War)$56MFinancial ServicesShell Companies-0.42
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.42
VNMEUVendome Acquisition Corp I - Units (1 Ord Cls A & 1/2 War)$52MFinancial ServicesShell Companies-0.40
DTSQUDT Cloud Star Acquisition Corp - Units (1Ord & 1 Rts)$75MFinancial ServicesShell Companies-0.40
AMBQAmbiq Micro Inc$1.76BTechnologySemiconductors-0.39
CGCTCartesian Growth Corporation III Class A Ordinary Shares$283MFinancial ServicesShell Companies-0.39
FGMCFG Merger II Corp$83MFinancial ServicesShell Companies-0.39
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$65MFinancial ServicesShell Companies-0.39
JMACUMaxpro Capital Acquisition Corp - Units (1 Ord Share Class A & 1 War)$150MN/AN/A-0.39
RDACURising Dragon Acquisition Corp - Units (1 Ord Shs & 1 Rts)$13MFinancial ServicesShell Companies-0.39
GCTS-WSGCT Semiconductor Holding Inc Wt Exp$30MN/AN/A-0.38
ATPCAgape ATP Corp$2.52MConsumer DefensivePackaged Foods-0.38
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$9.15MFinancial ServicesShell Companies-0.37

ETFs that lowly correlated with PMT

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.60
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.59
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.58
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.58
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.57
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.56
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.55
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.55
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.54
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.54
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.54
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.54
CSCLDirexion Daily CSCO Bull 2X ETF$16MN/AJun 24, 2025-0.54
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.53
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.53
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.53
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.52
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.51
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.51
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.51
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.51
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.51
RBILF/M ULTRASHORT TREASURY INFLATION-PROTECTED SECURITY (TIPS) ETF $139M0.17%Feb 24, 2025-0.50
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.50
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.50
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.49
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.49
TAPRBarclays Bank PLC$11M0.79%Mar 31, 2025-0.49
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.48
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.46
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.46
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.46
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.45
QCMUDirexion Daily QCOM Bull 2X ETF$30MN/AJun 24, 2025-0.45
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.45
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.45
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.45
TEXNISHARES TEXAS EQUITY ETF $17M0.20%Jun 23, 2025-0.44
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.44
MBSXREGAN FIXED RATE MBS ETF $17M0.40%Apr 30, 2025-0.43
CCUPT-REX 2X LONG CRCL DAILY TARGET ETF $25MN/AAug 8, 2025-0.43
CRCGLEVERAGE SHARES 2X LONG CRCL DAILY ETF $67MN/AAug 8, 2025-0.43
BZQProShares UltraShort MSCI Brazil Capped ETF -2x Shares$3.20MN/AJun 16, 2009-0.43
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.43
VBILVANGUARD 0-3 MONTH TREASURY BILL ETF ETF SHARES$9.30B0.06%Feb 10, 2025-0.43
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.41
QQWZPACER CASH COWZ 100-NASDAQ 100 ROTATOR ETF $39M0.49%May 6, 2025-0.41
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.41
GMMFiShares Government Money Market ETF$178M0.20%Feb 4, 2025-0.41
EDZDIREXION DAILY MSCI EMERGING MARKETS BEAR 3X SHARES $14MN/ADec 17, 2008-0.41
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.40
PMMFiShares Prime Money Market ETF$646M0.20%Feb 4, 2025-0.40
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.40
VGUSVANGUARD ULTRA-SHORT TREASURY ETF ETF SHARES$1B0.07%Feb 10, 2025-0.39
SZKProShares UltraShort Consumer Staples$4.70MN/AJan 30, 2007-0.39
SCOProShares UltraShort Bloomberg Crude Oil -2x Shares$895MN/ANov 24, 2008-0.38
GGOViShares Global Government Bond USD Hedged Active$2.90B0.39%Jun 25, 2025-0.38
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.38
TCAITORTOISE AI INFRASTRUCTURE ETF $278M0.65%Aug 4, 2025-0.38