Looking to balance out your exposure to ALMS? The ETFs below have the lowest correlation with ALMS — they tend to move on their own, which can help reduce risk when ALMS drops. The stock ideas table highlights individual companies that behave independently from ALMS.
Best Diversifiers for ALMS
2 ETFs have low correlation with ALMS (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.23 | — | — | 59 | Nasdaq-100 | ALMS vs QQQ | |
| Vanguard S&P 500 ETF | 0.25 | — | — | 60 | S&P 500 | ALMS vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALMS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALMS and solid risk/return profiles. The least correlated is Fastly, Inc. (FSLY) (Technology) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fastly, Inc. | 0.09 | 0.08 | 0.08 | 82 | Technology | |
| CVS Health Corporation | 0.09 | — | — | 85 | Healthcare | |
| SELLAS Life Sciences Group, Inc. | 0.15 | 0.12 | 0.12 | 96 | Healthcare | |
| Sandisk Corporation | 0.17 | 0.11 | 0.11 | 100 | Technology | |
| Pharvaris N.V. | 0.18 | — | — | 85 | Healthcare |
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