Looking to balance out your exposure to AMWL? The ETFs below have the lowest correlation with AMWL — they tend to move on their own, which can help reduce risk when AMWL drops. The stock ideas table highlights individual companies that behave independently from AMWL.
No Diversifiers Found for AMWL
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMWL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMWL and solid risk/return profiles. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.05 | 0.18 | 0.21 | 73 | Utilities |
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