Looking to balance out your exposure to AMRN? The ETFs below have historically moved differently from AMRN, 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 AMRN
4 ETFs have low correlation with AMRN (below 0.3), 0 of which are negatively correlated. The least correlated is Avantis Inflation Focused Equity ETF (AVIE) (Large Cap Blend Equities) with a 1Y correlation of 0.06, down from 0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Inflation Focused Equity ETF | 0.06 | 0.21 | — | 96 | Large Cap Blend Equities | AMRN vs AVIE | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.27 | 0.33 | 67 | S&P 500 | AMRN vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.27 | 0.33 | 68 | S&P 500 | AMRN vs VOO | |
| Vanguard Total Stock Market ETF | 0.22 | 0.29 | 0.36 | 67 | Large Cap Blend Equities | AMRN vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMRN, 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 Bristol-Myers Squibb Company (BMY) (Healthcare) with a 1Y correlation of 0.04, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bristol-Myers Squibb Company | 0.04 | 0.13 | 0.15 | 92 | Healthcare | |
| Johnson & Johnson | 0.06 | 0.08 | 0.08 | 97 | Healthcare | |
| GSK plc | 0.07 | 0.12 | 0.14 | 84 | Healthcare | |
| Gilead Sciences, Inc. | 0.09 | 0.09 | 0.14 | 65 | Healthcare | |
| AbbVie Inc. | 0.13 | 0.12 | 0.14 | 81 | Healthcare |
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