Looking to balance out your exposure to AMRC? The ETFs below have the lowest correlation with AMRC — they tend to move on their own, which can help reduce risk when AMRC drops. The stock ideas table highlights individual companies that behave independently from AMRC.
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 0.42, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.42 | 0.41 | 0.47 | 70 | S&P 500 | AMRC vs SPY | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.44 | 0.38 | 0.44 | 97 | Leveraged Equities, Semiconductors | AMRC vs SOXL | |
| Thrivent Small-Mid Cap ESG ETF | 0.46 | 0.50 | — | 50 | Mid Cap Blend Equities | AMRC vs TSME |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMRC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMRC and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.13 | 0.05 | 0.07 | 53 | Utilities | |
| General Electric Company | 0.18 | 0.22 | 0.27 | 65 | Industrials | |
| Fastenal Company | 0.19 | 0.21 | 0.27 | 55 | Industrials | |
| Albemarle Corporation | 0.26 | 0.39 | 0.44 | 93 | Basic Materials | |
| XPLR Infrastructure LP | 0.31 | 0.39 | 0.41 | 70 | Utilities |
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