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High CorrelationLow Correlation

42 Stocks and 58 ETFs for diversifying Pennymac Mortgage Investment Trust (PMTU)

The least correlated asset to Pennymac Mortgage Investment Trust (PMTU) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -1.

Stocks that lowly correlated with PMTU

SymbolName
Market cap
SectorIndustry
Correlation
BOACBluescape Opportunities Acquisition Corp - Class A$227MN/AN/A-1.00
FRBNUForbion European Acquisition Corp - Units (1 Ord Share Class A & 1/3 War)$316MN/AN/A-1.00
APGBApollo Strategic Growth Capital II - Class A$372MN/AN/A-0.99
ARTEUArtemis Strategic Investment Corp - Units (1 Ord Share Class A & 1/2 War)$263MN/AN/A-0.98
WWACUAeries Technology Inc - Units (1 Ord Class A & 1/2 War)$41MN/AN/A-0.95
AMAOAmerican Acquisition Opportunity Inc - Class A$118MN/AN/A-0.90
ALORALSP Orchid Acquisition Corp I - Class A$22MN/AN/A-0.87
ALORUALSP Orchid Acquisition Corp I - Units (1 Ord Class A & 1/2 War)$22MN/AN/A-0.78
VCXA10X Capital Venture Acquisition Corp II - Class A$86MN/AN/A-0.76
APRNBlue Apron Holdings Inc - Class A$100MN/AN/A-0.73
BRLIUBrilliant Acquisition Corp - Unit (1 Ordinary share 1 War and 1 Rts)$6.42MN/AN/A-0.65
VMWVmware Inc - Class A$62BN/AN/A-0.63
MDCXMDCorp$14MHealthcareDrug Manufacturers - General-0.59
BRLIBrilliant Acquisition Corp$5.92MN/AN/A-0.57
OMSEOMS Energy Technologies Inc$197MEnergyOil & Gas Equipment & Services-0.57
OYSEOyster Enterprises II Acquisition Corp$268MFinancial ServicesShell Companies-0.55
WTGUUWintergreen Acquisition Corp - Units (1 Ord Shs & 1 Rts)$18MFinancial ServicesShell Companies-0.53
TVAIUThayer Ventures Acquisition Corp II - Units (1 Ord Cls A & 1 Rts)$9.15MFinancial ServicesShell Companies-0.53
AZIAutozi Internet Technology (Global) Ltd - Class A$9.05MConsumer CyclicalAuto & Truck Dealerships-0.52
BMGLBasel Medical Group Ltd$9.61MHealthcareMedical Care Facilities-0.49
PCLNPriceline.com Inc$906MN/AN/A-0.48
COLAColumbus Acquisition Corp$34MFinancial ServicesShell Companies-0.48
SGHCSuper Group (SGHC) Ltd$7.49BConsumer CyclicalGambling-0.47
RELYRemitly Global Inc$5.25BTechnologySoftware - Infrastructure-0.47
GIWGigInternational1 Inc$138MFinancial ServicesShell Companies-0.47
CYBNCybin Inc$408MHealthcareBiotechnology-0.46
DLXYDelixy Holdings Ltd$7.64MEnergyOil & Gas Refining & Marketing-0.45
FIGXFIGX Capital Acquisition Corp - Class A$159MFinancial ServicesShell Companies-0.44
ACRSAclaris Therapeutics Inc$782MHealthcareBiotechnology-0.43
WETHWetouch Technology Inc$15MTechnologyElectronic Components-0.43
FEMYFemasys Inc$11MHealthcareMedical Instruments & Supplies-0.42
IROHRCN Healthy Food Tech Group Corp$35MN/AN/A-0.41
RNGRRanger Energy Services Inc - Class A$383MEnergyOil & Gas Equipment & Services-0.41
DXFN/A$1.40MFinancial ServicesCredit Services-0.41
TDICDreamland Ltd$17MCommunication ServicesAdvertising Agencies-0.40
MAMKMaxsMaking Inc - Class A$195MIndustrialsConglomerates-0.40
DXYZDestiny Tech100 Inc$629MFinancial ServicesAsset Management-0.39
SMXTSolarMax Technology Inc$20MTechnologySolar-0.39
SEGGLottery.com Inc$4.48MConsumer CyclicalGambling-0.39
GRDNGuardian Pharmacy Services Inc$2.54BHealthcareMedical Care Facilities-0.39
USACUSA Compression Partners LP$3.86BEnergyOil & Gas Equipment & Services-0.38
RAAQUReal Asset Acquisition Corp - Units (1 Ord Cls A & 1/2 War)$65MFinancial ServicesShell Companies-0.38

ETFs that lowly correlated with PMTU

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.69
EMEMSOPHUS CAPITAL EMERGING MARKET ETF $61M0.65%May 19, 2026-0.67
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.59
JHDGJOHN HANCOCK HEDGED EQUITY ETF $90M0.49%Apr 7, 2026-0.59
CPSNCALAMOS S&P 500 STRUCTURED ALT PROTECTION ETF - JULY $35M0.69%Oct 31, 2024-0.59
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.58
TTTProShares UltraPro Short 20+ Year Treasury -3x Shares$17MN/AMar 27, 2012-0.58
TBFPROSHARES SHORT 20+ YEAR TREASURY $87M0.95%Aug 18, 2009-0.58
TMVDIREXION DAILY 20+ YEAR TREASURY BEAR 3X SHARES $163MN/AApr 16, 2009-0.57
TBTPROSHARES ULTRASHORT 20+ YEAR TREASURY $280MN/AApr 29, 2008-0.57
BIGYYIELDMAX(R) TARGET 12(TM) BIG 50 OPTION INCOME ETF $47M1.09%Nov 20, 2024-0.57
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.56
REKPROSHARES SHORT REAL ESTATE $9.80M0.95%Mar 16, 2010-0.56
PFIXSIMPLIFY INTEREST RATE HEDGE ETF $176M0.50%May 10, 2021-0.56
TYODIREXION DAILY 7-10 YEAR TREASURY BEAR 3X SHARES $12MN/AApr 16, 2009-0.55
GLDWROUNDHILL GOLD WEEKLYPAY ETF $17MN/AOct 29, 2025-0.55
PSTPROSHARES ULTRASHORT 7-10 YEAR TREASURY $11MN/AApr 29, 2008-0.55
TBXPROSHARES SHORT 7-10 YEAR TREASURY $20M0.95%Apr 4, 2011-0.55
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.54
EPVProShares UltraShort FTSE Europe -2X Shares$13MN/AJun 16, 2009-0.54
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.53
CXRNTEUCRIUM 2X DAILY CORN ETF $4MN/ADec 12, 2024-0.53
WXETTEUCRIUM 2X DAILY WHEAT ETF $7MN/ADec 12, 2024-0.52
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.51
SDPProShares UltraShort Utilities -2x Shares$3.90MN/AJan 30, 2007-0.50
SLTYYIELDMAX(R) ULTRA SHORT OPTION INCOME STRATEGY ETF $19M1.25%Aug 20, 2025-0.49
CPIIAMERICAN BEACON IONIC INFLATION PROTECTION ETF $11M0.70%Jun 28, 2022-0.48
QBProShares Nasdaq100 Dynamic Buffer ETF$2.80M0.58%Jun 24, 2025-0.46
PTIRGRANITESHARES 2X LONG PLTR DAILY ETF $297MN/ASep 4, 2024-0.46
RISRFOLIOBEYOND ALTERNATIVE INCOME AND INTEREST RATE HEDGE ETF $274M1.04%Sep 30, 2021-0.45
LABDDIREXION DAILY S&P BIOTECH BEAR 3X SHARES DIREXION DAILY S&P BIOTECH BEAR 3X SHARES$69MN/AMay 28, 2015-0.45
TIPANORTHERN TRUST 2030 INFLATION-LINKED DISTRIBUTING LADDER ETF $18M0.10%Aug 18, 2025-0.45
AMZWROUNDHILL AMZN WEEKLYPAY ETF $34MN/AJun 17, 2025-0.44
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.43
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.43
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.43
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.43
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.42
MMKTTEXAS CAPITAL GOVERNMENT MONEY MARKET ETF $73M0.20%Sep 24, 2024-0.42
MSTUT-REX 2X LONG MSTR DAILY TARGET ETF $291MN/ASep 17, 2024-0.42
GOOWROUNDHILL GOOGL WEEKLYPAY ETF $85MN/AJul 23, 2025-0.42
RXDProShares UltraShort Health Care -2x Shares$3.20MN/AJan 30, 2007-0.42
QCMUDirexion Daily QCOM Bull 2X ETF$30MN/AJun 24, 2025-0.41
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.41
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.41
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.41
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.41
USNGAMPLIFY SAMSUNG U.S. NATURAL GAS INFRASTRUCTURE ETF $7.40M0.59%May 19, 2025-0.41
PLTYYieldMax PLTR Option Income Strategy ETF$317M1.07%Oct 7, 2024-0.40
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.40
RINFPROSHARES INFLATION EXPECTIATIONS ETF PROSHARES INFLATION EXPECTATIONS ETF$18M0.30%Jan 10, 2012-0.39
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.39
SRSProShares UltraShort Real Estate -2x Shares$16MN/AJan 30, 2007-0.39
BISProShares UltraShort Nasdaq Biotechnology -2x Shares$2.20MN/AApr 6, 2010-0.38
MSTXDefiance Daily Target 2x Long MSTR ETF$151MN/AAug 14, 2024-0.38
NFXLDIREXION DAILY NFLX BULL 2X SHARES $141MN/AOct 2, 2024-0.38