Looking to balance out your exposure to AMNF? The ETFs below have the lowest correlation with AMNF — they tend to move on their own, which can help reduce risk when AMNF drops. The stock ideas table highlights individual companies that behave independently from AMNF.
No Diversifiers Found for AMNF
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 AMNF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMNF and solid risk/return profiles. The least correlated is Applied Industrial Technologies, Inc. (AIT) (Industrials) with a 1Y correlation of 0.04, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Industrial Technologies, Inc. | 0.04 | 0.04 | 0.07 | 83 | Industrials | |
| Coca-Cola Consolidated, Inc. | 0.06 | 0.05 | 0.05 | 85 | Consumer Defensive | |
| Singapore Technologies Engineering Ltd ADR | 0.12 | 0.04 | 0.06 | 71 | Industrials | |
| Elbit Systems Ltd | 0.13 | 0.06 | 0.06 | 84 | Industrials | |
| Installed Building Products, Inc. | 0.13 | 0.07 | 0.06 | 54 | Industrials |
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