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Looking to balance out your exposure to IMAX? The ETFs below have the lowest correlation with IMAX — they tend to move on their own, which can help reduce risk when IMAX drops. The stock ideas table highlights individual companies that behave independently from IMAX.

Best Diversifiers for IMAX

3 ETFs have low correlation with IMAX (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 0.20, down from 0.35 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
State Street SPDR S&P 500 ETF0.200.190.35
70
S&P 500IMAX vs SPY
Vanguard S&P 500 ETF0.200.190.34
70
S&P 500IMAX vs VOO
Amplify CWP Enhanced Dividend Income ETF0.260.230.33
61
Derivative IncomeIMAX vs DIVO

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from IMAX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMAX and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.02, down from 0.25 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Enterprise Products Partners L.P.0.020.150.25
85
Energy
Warrior Met Coal, Inc.0.050.070.15
90
Basic Materials
Antero Midstream Corporation0.060.170.28
65
Energy
Interactive Brokers Group, Inc.0.090.150.26
83
Financial Services
Western Midstream Partners, LP0.140.190.25
76
Energy
See all 14 low-correlation stocks for IMAX

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Diversification Analysis

Build a portfolio that complements IMAX

Add IMAX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with IMAX