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
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 0.14, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Health Care Index ETF | 0.14 | 0.23 | 0.31 | 50 | Health & Biotech Equities | IMMR vs FHLC | |
| 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 | 0.33 | 0.33 | 0.38 | 82 | Emerging Markets Equities | IMMR vs EMXC | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | 0.39 | 0.42 | 0.46 | 60 | Alternative Energy Equities | IMMR vs GRID | |
| Vanguard FTSE Developed Markets ETF | 0.39 | 0.35 | 0.41 | 61 | Foreign Large Cap Equities | IMMR vs VEA |
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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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.11, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.11 | -0.03 | 0.05 | 62 | Financial Services | |
| Permian Resources Corporation | -0.05 | 0.12 | — | 80 | Energy | |
| Old Republic International Corporation | -0.04 | 0.08 | 0.16 | 70 | Financial Services | |
| Kosmos Energy Ltd. | -0.03 | 0.10 | 0.19 | 56 | Energy | |
| Cincinnati Financial Corporation | 0.03 | 0.10 | 0.15 | 77 | Financial Services |
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