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
1 ETFs have low correlation with ACMR (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.29, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.29 | 0.29 | 0.33 | 77 | Dividend | ACMR vs SCHD | |
| Invesco S&P 500 Momentum ETF | 0.54 | 0.48 | 0.47 | 68 | Momentum, S&P 500 | ACMR vs SPMO | |
| ProShares UltraPro QQQ | 0.54 | 0.53 | 0.55 | 53 | Leveraged Equities | ACMR vs TQQQ | |
| Invesco QQQ ETF | 0.55 | 0.53 | 0.55 | 59 | Nasdaq-100 | ACMR vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.51 | 0.52 | 59 | S&P 500 | ACMR vs SPY |
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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 -0.05, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.05 | -0.00 | 0.06 | 69 | Consumer Defensive | |
| Assurant, Inc. | 0.03 | 0.04 | 0.11 | 81 | Financial Services | |
| AbbVie Inc. | 0.04 | 0.05 | 0.04 | 75 | Healthcare | |
| American Electric Power Company, Inc. | 0.06 | -0.06 | -0.02 | 86 | Utilities | |
| Eton Pharmaceuticals Inc | 0.07 | 0.08 | 0.17 | 90 | Healthcare |
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