Looking to balance out your exposure to AOMR? The ETFs below have the lowest correlation with AOMR — they tend to move on their own, which can help reduce risk when AOMR drops. The stock ideas table highlights individual companies that behave independently from AOMR.
Best Diversifiers for AOMR
2 ETFs have low correlation with AOMR (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 0.29, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.29 | 0.33 | 0.35 | 65 | S&P 500 | AOMR vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.33 | 0.35 | 66 | S&P 500 | AOMR vs VOO | |
| WisdomTree U.S. Quality Dividend Growth Fund | 0.36 | 0.38 | 0.36 | 57 | Dividend, Large Cap Growth Equities | AOMR vs DGRW |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AOMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AOMR and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of -0.14, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | -0.14 | 0.03 | 0.08 | 73 | Energy | |
| Bloom Energy Corporation | 0.06 | 0.20 | 0.24 | 99 | Industrials | |
| AST SpaceMobile, Inc. | 0.08 | 0.18 | 0.19 | 60 | Technology | |
| Rocket Lab USA, Inc. | 0.08 | 0.13 | — | 71 | Industrials | |
| Equinix, Inc. | 0.16 | 0.20 | 0.23 | 86 | Real Estate |
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