Looking to balance out your exposure to ACMR? The ETFs below have the lowest correlation with ACMR — they tend to move on their own, which can help reduce risk when ACMR drops. The stock ideas table highlights individual companies that behave independently from ACMR.
Best Diversifiers for ACMR
2 ETFs have low correlation with ACMR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.27, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.27 | 0.24 | 0.22 | 55 | Silver, Precious Metals | ACMR vs SLVP | |
| Schwab U.S. Dividend Equity ETF | 0.29 | 0.28 | 0.32 | 80 | Dividend | ACMR vs SCHD | |
| Defiance Daily Target 2X Long AVGO ETF | 0.37 | — | — | 50 | Leveraged Equities | ACMR vs AVGX | |
| Invesco S&P 500 Momentum ETF | 0.53 | 0.47 | 0.46 | 75 | Momentum, S&P 500 | ACMR vs SPMO | |
| ProShares UltraPro QQQ | 0.53 | 0.52 | 0.55 | 71 | Leveraged Equities | ACMR vs TQQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ACMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ACMR and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.04, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.04 | 0.01 | 0.06 | 63 | Consumer Defensive | |
| Assurant, Inc. | 0.07 | 0.06 | 0.11 | 68 | Financial Services | |
| American Electric Power Company, Inc. | 0.09 | -0.05 | -0.01 | 79 | Utilities | |
| AbbVie Inc. | 0.09 | 0.07 | 0.04 | 62 | Healthcare | |
| Oscar Health, Inc. | 0.10 | 0.17 | 0.25 | 59 | Healthcare |
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Build a portfolio that complements ACMR
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