Looking to balance out your exposure to IMCR? The ETFs below have the lowest correlation with IMCR — they tend to move on their own, which can help reduce risk when IMCR drops. The stock ideas table highlights individual companies that behave independently from IMCR.
Best Diversifiers for IMCR
1 ETFs have low correlation with IMCR (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 0.23, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.23 | 0.24 | 0.24 | 74 | S&P 500 | IMCR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMCR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMCR and solid risk/return profiles. The least correlated is CRISPR Therapeutics AG (CRSP) (Healthcare) with a 1Y correlation of 0.29, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CRISPR Therapeutics AG | 0.29 | 0.29 | 0.32 | 64 | Healthcare |
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