Looking to balance out your exposure to AMRC? The ETFs below have historically moved differently from AMRC, 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 AMRC
0 ETFs have low correlation with AMRC (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 0.48, roughly unchanged from 0.48 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 | 0.48 | 0.43 | 0.48 | 72 | S&P 500 | AMRC vs SPY | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.56 | 0.42 | 0.46 | 91 | Leveraged Equities, Semiconductors | AMRC vs SOXL |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMRC, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.27 | -0.01 | 0.03 | 53 | Utilities | |
| Service Corporation International | -0.18 | 0.13 | 0.19 | 56 | Consumer Cyclical | |
| Fastenal Company | 0.12 | 0.20 | 0.27 | 55 | Industrials | |
| The Andersons, Inc. | 0.17 | 0.29 | 0.28 | 97 | Consumer Defensive | |
| REX American Resources Corporation | 0.22 | 0.31 | 0.33 | 92 | Basic Materials |
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