Looking to balance out your exposure to AMR? The ETFs below have the lowest correlation with AMR — they tend to move on their own, which can help reduce risk when AMR drops. The stock ideas table highlights individual companies that behave independently from AMR.
Best Diversifiers for AMR
1 ETFs have low correlation with AMR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.17, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.17 | 0.21 | 0.24 | 74 | S&P 500 | AMR vs VOO | |
| SPDR S&P Metals & Mining ETF | 0.51 | 0.54 | 0.58 | 78 | Materials | AMR vs XME |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMR and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of -0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.06 | 0.02 | 0.02 | 75 | Healthcare | |
| Walmart Inc. | -0.05 | -0.03 | 0.01 | 66 | Consumer Defensive | |
| Casey's General Stores, Inc. | -0.02 | 0.08 | 0.12 | 93 | Consumer Defensive | |
| Catalyst Pharmaceuticals, Inc. | 0.05 | 0.18 | 0.17 | 60 | Healthcare | |
| Arista Networks, Inc. | 0.07 | 0.11 | 0.12 | 77 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AMR
Add AMR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMR