Looking to balance out your exposure to YMM? The ETFs below have the lowest correlation with YMM — they tend to move on their own, which can help reduce risk when YMM drops. The stock ideas table highlights individual companies that behave independently from YMM.
Best Diversifiers for YMM
0 ETFs have low correlation with YMM (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.38, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.38 | 0.31 | 0.35 | 58 | Nasdaq-100 | YMM vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.32 | 0.33 | 66 | S&P 500 | YMM vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from YMM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to YMM and solid risk/return profiles. The least correlated is Exelixis, Inc. (EXEL) (Healthcare) with a 1Y correlation of 0.05, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exelixis, Inc. | 0.05 | 0.10 | 0.13 | 65 | Healthcare | |
| TG Therapeutics, Inc. | 0.09 | 0.12 | 0.22 | 73 | Healthcare | |
| United Therapeutics Corporation | 0.10 | 0.11 | 0.09 | 94 | Healthcare | |
| Incyte Corporation | 0.13 | 0.11 | 0.13 | 89 | Healthcare | |
| Genmab A/S | 0.17 | 0.19 | 0.20 | 70 | Healthcare |
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