Looking to balance out your exposure to ALPMY? The ETFs below have the lowest correlation with ALPMY — they tend to move on their own, which can help reduce risk when ALPMY drops. The stock ideas table highlights individual companies that behave independently from ALPMY.
No Diversifiers Found for ALPMY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALPMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALPMY and solid risk/return profiles. The least correlated is Exelixis, Inc. (EXEL) (Healthcare) with a 1Y correlation of 0.15, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exelixis, Inc. | 0.15 | 0.11 | 0.12 | 56 | Healthcare |
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