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
7 ETFs have low correlation with AMR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.10 | 0.18 | 0.25 | 70 | Momentum, S&P 500 | AMR vs SPMO | |
| PIMCO Enhanced Short Maturity Active ETF | 0.13 | 0.06 | 0.00 | 100 | Ultrashort Bond | AMR vs MINT | |
| Vanguard S&P 500 ETF | 0.16 | 0.21 | 0.23 | 60 | S&P 500 | AMR vs VOO | |
| Nomura Focused Emerging Markets Equity ETF | 0.16 | — | — | 94 | Emerging Markets Diversified | AMR vs EMEQ | |
| Invesco QQQ ETF | 0.16 | 0.18 | 0.18 | 59 | Nasdaq-100 | AMR vs QQQ |
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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 -0.08, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | -0.08 | 0.01 | 0.02 | 75 | Healthcare | |
| Walmart Inc. | -0.06 | -0.03 | 0.00 | 70 | Consumer Defensive | |
| Casey's General Stores, Inc. | -0.02 | 0.09 | 0.12 | 89 | Consumer Defensive | |
| Catalyst Pharmaceuticals, Inc. | 0.06 | 0.17 | 0.17 | 80 | Healthcare | |
| Fortress Transportation and Infrastructure Investo... | 0.06 | 0.16 | 0.19 | 84 | Industrials |
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Build a portfolio that complements AMR
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