Looking to balance out your exposure to INSM? The ETFs below have the lowest correlation with INSM — they tend to move on their own, which can help reduce risk when INSM drops. The stock ideas table highlights individual companies that behave independently from INSM.
Best Diversifiers for INSM
4 ETFs have low correlation with INSM (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck IG Floating Rate ETF (FLTR) (Corporate Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck IG Floating Rate ETF | 0.04 | 0.08 | 0.11 | 99 | Corporate Bonds, Ultrashort Bond | INSM vs FLTR | |
| Schwab U.S. Dividend Equity ETF | 0.09 | 0.21 | 0.29 | 77 | Dividend | INSM vs SCHD | |
| VanEck Semiconductor ETF | 0.10 | 0.19 | 0.28 | 94 | Semiconductors, Technology Equities | INSM vs SMH | |
| Vanguard Total Stock Market ETF | 0.15 | 0.29 | 0.38 | 60 | Large Cap Blend Equities | INSM vs VTI | |
| SPDR S&P Biotech ETF | 0.49 | 0.51 | 0.62 | 92 | Health & Biotech Equities | INSM vs XBI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INSM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INSM and solid risk/return profiles. The least correlated is Repsol SA (REPYY) (Energy) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Repsol SA | -0.09 | 0.06 | 0.09 | 91 | Energy | |
| YPF Sociedad Anónima | -0.03 | 0.11 | 0.14 | 64 | Energy | |
| Warner Bros. Discovery, Inc. | -0.02 | 0.15 | 0.23 | 97 | Communication Services | |
| Cadence Design Systems, Inc. | -0.01 | 0.14 | 0.21 | 61 | Technology | |
| Teekay Corporation | -0.01 | 0.04 | 0.12 | 87 | Energy |
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