Looking to balance out your exposure to ALMU? The ETFs below have the lowest correlation with ALMU — they tend to move on their own, which can help reduce risk when ALMU drops. The stock ideas table highlights individual companies that behave independently from ALMU.
Best Diversifiers for ALMU
0 ETFs have low correlation with ALMU (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.30, up from 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.30 | 0.20 | — | 68 | Momentum, S&P 500 | ALMU vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALMU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALMU and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of 0.11, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.11 | 0.13 | — | 60 | Communication Services | |
| Allient Inc. | 0.11 | 0.11 | — | 95 | Technology | |
| Arista Networks, Inc. | 0.15 | 0.18 | — | 79 | Technology | |
| Credo Technology Group Holding Ltd | 0.21 | 0.18 | — | 88 | Technology | |
| Fabrinet | 0.21 | 0.13 | 0.12 | 85 | Technology |
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