Looking to balance out your exposure to AM? The ETFs below have the lowest correlation with AM — they tend to move on their own, which can help reduce risk when AM drops. The stock ideas table highlights individual companies that behave independently from AM.
Best Diversifiers for AM
6 ETFs have low correlation with AM (below 0.3), 4 of which are negatively correlated. The least correlated is iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) (Emerging Markets Bonds) with a 1Y correlation of -0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.08 | 0.20 | 0.21 | 62 | Emerging Markets Bonds | AM vs EMB | |
| Vanguard Information Technology ETF | -0.03 | 0.19 | 0.31 | 76 | Technology Equities | AM vs VGT | |
| State Street SPDR Portfolio S&P 500 ETF | -0.01 | 0.28 | 0.41 | 74 | S&P 500 | AM vs SPYM | |
| State Street SPDR S&P 500 ETF | -0.01 | 0.28 | 0.41 | 74 | S&P 500 | AM vs SPY | |
| Global X S&P 500 Covered Call ETF | 0.03 | 0.27 | 0.38 | 84 | Derivative Income, S&P 500 | AM vs XYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AM and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.14, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.14 | 0.09 | 0.20 | 62 | Consumer Cyclical | |
| Nuveen AMT-Free Quality Municipal Income Fund | -0.09 | 0.09 | 0.10 | 79 | Financial Services | |
| Nuveen Quality Municipal Income Fund | -0.03 | 0.11 | 0.12 | 75 | Financial Services | |
| Bristol-Myers Squibb Company | -0.03 | 0.10 | 0.15 | 68 | Healthcare | |
| QUALCOMM Incorporated | -0.02 | 0.15 | 0.27 | 78 | Technology |
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Build a portfolio that complements AM
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