Looking to balance out your exposure to AMRN? The ETFs below have the lowest correlation with AMRN — they tend to move on their own, which can help reduce risk when AMRN drops. The stock ideas table highlights individual companies that behave independently from AMRN.
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 0.19, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Inflation Focused Equity ETF | 0.19 | 0.25 | — | 76 | Large Cap Blend Equities | AMRN vs AVIE | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.28 | 0.33 | 70 | S&P 500 | AMRN vs SPY | |
| Vanguard S&P 500 ETF | 0.27 | 0.28 | 0.33 | 70 | S&P 500 | AMRN vs VOO | |
| Vanguard Total Stock Market ETF | 0.29 | 0.30 | 0.35 | 68 | Large Cap Blend Equities | AMRN vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMRN and solid risk/return profiles. The least correlated is Bristol-Myers Squibb Company (BMY) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bristol-Myers Squibb Company | 0.12 | 0.15 | 0.15 | 63 | Healthcare | |
| Johnson & Johnson | 0.14 | 0.09 | 0.08 | 92 | Healthcare | |
| GlaxoSmithKline plc | 0.15 | 0.12 | 0.14 | 68 | Healthcare | |
| Gilead Sciences, Inc. | 0.16 | 0.12 | 0.15 | 63 | Healthcare | |
| AstraZeneca PLC | 0.17 | 0.17 | 0.16 | 70 | Healthcare |
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