Looking to balance out your exposure to ARMK? The ETFs below have the lowest correlation with ARMK — they tend to move on their own, which can help reduce risk when ARMK drops. The stock ideas table highlights individual companies that behave independently from ARMK.
Best Diversifiers for ARMK
0 ETFs have low correlation with ARMK (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 0.43, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.43 | 0.43 | 0.53 | 70 | S&P 500 | ARMK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ARMK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ARMK and solid risk/return profiles. The least correlated is Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of 0.18, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | 0.18 | 0.20 | 0.32 | 96 | Technology | |
| Dycom Industries, Inc. | 0.19 | 0.25 | 0.39 | 90 | Industrials | |
| EMCOR Group, Inc. | 0.20 | 0.27 | 0.38 | 83 | Industrials |
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