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) (Corporate Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Low Duration Bond Factor ETF | 0.11 | 0.06 | 0.05 | 98 | Corporate Bonds | IMMR vs FLDR | |
| iShares MSCI Emerging Markets ex China ETF | 0.36 | 0.34 | 0.39 | 91 | Emerging Markets Equities | IMMR vs EMXC | |
| Dimensional International Small Cap ETF | 0.39 | 0.35 | 0.40 | 53 | Foreign Small & Mid Cap Equities | IMMR vs DFIS | |
| Vanguard FTSE Developed Markets ETF | 0.40 | 0.37 | 0.42 | 59 | Foreign Large Cap Equities | IMMR vs VEA | |
| First Trust Nasdaq Clean Edge Smart GRID Infrastru... | 0.42 | 0.43 | 0.47 | 79 | Alternative Energy Equities | IMMR vs GRID |
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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 Kosmos Energy Ltd. (KOS) (Energy) with a 1Y correlation of -0.06, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kosmos Energy Ltd. | -0.06 | 0.11 | 0.19 | 63 | Energy | |
| Permian Resources Corporation | -0.05 | 0.13 | — | 81 | Energy | |
| Virtu Financial, Inc. | 0.09 | 0.12 | 0.14 | 64 | Financial Services | |
| Teekay Tankers Ltd. | 0.09 | 0.13 | 0.15 | 82 | Energy | |
| Costamare Inc. | 0.10 | 0.15 | 0.22 | 91 | Industrials |
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