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
5 ETFs have low correlation with INSM (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco DB Commodity Index Tracking Fund (DBC) (Commodities) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Commodity Index Tracking Fund | -0.08 | 0.03 | 0.06 | 75 | Commodities | INSM vs DBC | |
| VanEck Vectors Investment Grade Floating Rate ETF | 0.05 | 0.07 | 0.11 | 99 | Corporate Bonds | INSM vs FLTR | |
| Schwab U.S. Dividend Equity ETF | 0.06 | 0.21 | 0.28 | 80 | Dividend | INSM vs SCHD | |
| VanEck Semiconductor ETF | 0.09 | 0.18 | 0.28 | 96 | Semiconductors, Technology Equities | INSM vs SMH | |
| Vanguard Total Stock Market ETF | 0.15 | 0.29 | 0.38 | 68 | Large Cap Blend Equities | INSM vs VTI |
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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 -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Repsol SA | -0.07 | 0.07 | 0.09 | 95 | Energy | |
| YPF Sociedad Anónima | -0.03 | 0.11 | 0.13 | 71 | Energy | |
| Teekay Corporation | -0.02 | 0.04 | 0.12 | 84 | Energy | |
| Cadence Design Systems, Inc. | -0.01 | 0.15 | 0.25 | 68 | Technology | |
| Warner Bros. Discovery, Inc. | -0.01 | 0.15 | 0.23 | 97 | Communication Services |
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