Looking to balance out your exposure to IMMR? The ETFs below have historically moved differently from IMMR, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IMMR
2 ETFs have low correlation with IMMR (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Health Care Index ETF (FHLC) (Health & Biotech Equities) with a 1Y correlation of 0.12, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Health Care Index ETF | 0.12 | 0.23 | 0.31 | 74 | Health & Biotech Equities | IMMR vs FHLC | |
| Fidelity Low Duration Bond Factor ETF | 0.17 | 0.07 | 0.06 | 98 | Short-Term Bond, Corporate Bonds | IMMR vs FLDR | |
| iShares MSCI Emerging Markets ex China ETF | 0.35 | 0.34 | 0.38 | 78 | Emerging Markets Equities | IMMR vs EMXC | |
| Dimensional International Small Cap ETF | 0.39 | 0.34 | — | 62 | Foreign Small & Mid Cap Equities | IMMR vs DFIS | |
| Vanguard FTSE Developed Markets ETF | 0.40 | 0.36 | 0.42 | 76 | Foreign Large Cap Equities | IMMR vs VEA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IMMR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.13 | -0.03 | 0.05 | 65 | Financial Services | |
| Permian Resources Corporation | -0.08 | 0.12 | 0.16 | 85 | Energy | |
| Kosmos Energy Ltd. | -0.05 | 0.11 | 0.18 | 59 | Energy | |
| Old Republic International Corporation | -0.04 | 0.08 | 0.16 | 78 | Financial Services | |
| Cincinnati Financial Corporation | 0.03 | 0.10 | 0.15 | 77 | Financial Services |
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