Looking to balance out your exposure to AMCR? The ETFs below have the lowest correlation with AMCR — they tend to move on their own, which can help reduce risk when AMCR drops. The stock ideas table highlights individual companies that behave independently from AMCR.
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 0.33, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.38 | 0.48 | 70 | S&P 500 | AMCR vs SPY | |
| Vanguard S&P 500 ETF | 0.34 | 0.38 | 0.48 | 70 | S&P 500 | AMCR vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMCR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMCR and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.06, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.06 | 0.19 | 0.19 | 60 | Basic Materials | |
| The Williams Companies, Inc. | 0.03 | 0.20 | 0.29 | 66 | Energy | |
| International Business Machines Corporation | 0.04 | 0.18 | 0.29 | 53 | Technology | |
| Chevron Corporation | 0.06 | 0.22 | 0.27 | 83 | Energy | |
| Exxon Mobil Corporation | 0.06 | 0.22 | 0.24 | 85 | Energy |
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