Looking to balance out your exposure to IMRX? The ETFs below have the lowest correlation with IMRX — they tend to move on their own, which can help reduce risk when IMRX drops. The stock ideas table highlights individual companies that behave independently from IMRX.
Best Diversifiers for IMRX
2 ETFs have low correlation with IMRX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.10, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.10 | 0.15 | — | 55 | Silver, Precious Metals | IMRX vs SLVP | |
| Defiance Daily Target 2X Long AVGO ETF | 0.16 | — | — | 50 | Leveraged Equities | IMRX vs AVGX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IMRX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IMRX and solid risk/return profiles. The least correlated is Dillard's, Inc. (DDS) (Consumer Cyclical) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dillard's, Inc. | -0.01 | 0.13 | 0.14 | 78 | Consumer Cyclical | |
| Elbit Systems Ltd | 0.05 | 0.05 | 0.09 | 88 | Industrials | |
| DXP Enterprises, Inc. | 0.06 | 0.17 | 0.16 | 80 | Industrials | |
| Gold Fields Limited | 0.07 | 0.09 | — | 69 | Basic Materials | |
| Aveanna Healthcare Holdings Inc. | 0.08 | 0.13 | — | 54 | Healthcare |
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