Looking to balance out your exposure to IMMR? The ETFs below have the lowest correlation with IMMR — they tend to move on their own, which can help reduce risk when IMMR drops. The stock ideas table highlights individual companies that behave independently from IMMR.
Best Diversifiers for IMMR
1 ETFs have low correlation with IMMR (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Low Duration Bond Factor ETF (FLDR) (Short-Term Bond) with a 1Y correlation of 0.15, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Low Duration Bond Factor ETF | 0.15 | 0.06 | 0.06 | 98 | Short-Term Bond, Corporate Bonds | IMMR vs FLDR | |
| iShares MSCI Emerging Markets ex China ETF | 0.37 | 0.35 | 0.39 | 86 | Emerging Markets Equities | IMMR vs EMXC | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | 0.44 | 0.44 | 0.47 | 65 | Alternative Energy Equities | IMMR vs GRID | |
| Vanguard FTSE Developed Markets ETF | 0.44 | 0.37 | 0.42 | 57 | Foreign Large Cap Equities | IMMR vs VEA | |
| Global X NASDAQ 100 Covered Call ETF | 0.46 | 0.42 | 0.45 | 85 | Nasdaq-100, Derivative Income | IMMR vs QYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMMR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMMR and solid risk/return profiles. The least correlated is Permian Resources Corporation (PR) (Energy) with a 1Y correlation of -0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Permian Resources Corporation | -0.03 | 0.13 | 0.17 | 74 | Energy | |
| Virtu Financial, Inc. | 0.08 | 0.11 | 0.14 | 77 | Financial Services | |
| Regency Centers Corporation | 0.08 | 0.13 | 0.22 | 72 | Real Estate | |
| Teekay Tankers Ltd. | 0.10 | 0.12 | 0.15 | 89 | Energy | |
| Pampa Energía S.A. | 0.11 | 0.17 | 0.18 | 50 | Utilities |
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