Looking to balance out your exposure to AMCR? The ETFs below have historically moved differently from AMCR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AMCR
0 ETFs have low correlation with AMCR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.31, down from 0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.31 | 0.38 | 0.47 | 67 | S&P 500 | AMCR vs SPY | |
| Vanguard S&P 500 ETF | 0.32 | 0.38 | 0.48 | 68 | S&P 500 | AMCR vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMCR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.12, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.12 | 0.13 | 0.16 | 72 | Basic Materials | |
| Marathon Petroleum Corporation | -0.11 | 0.11 | 0.20 | 95 | Energy | |
| Chevron Corporation | -0.08 | 0.16 | 0.23 | 80 | Energy | |
| Exxon Mobil Corporation | -0.06 | 0.16 | 0.21 | 84 | Energy | |
| LyondellBasell Industries N.V. | -0.03 | 0.30 | 0.40 | 55 | Basic Materials |
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