Looking to balance out your exposure to AMAL? The ETFs below have historically moved differently from AMAL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AMAL
3 ETFs have low correlation with AMAL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.23 | 0.28 | 0.26 | 52 | Technology Equities | AMAL vs VGT | |
| SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.27 | 0.30 | 0.28 | 63 | S&P 500 | AMAL vs SPUS | |
| Wahed Dow Jones Islamic World ETF | 0.28 | 0.31 | — | 74 | Foreign Large Cap Equities | AMAL vs UMMA | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.40 | 0.36 | 67 | S&P 500 | AMAL vs SPY | |
| BNY Mellon Dynamic Value ETF | 0.51 | — | — | 91 | Large Cap Value Equities | AMAL vs BKDV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMAL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Dell Technologies Inc. (DELL) (Technology) with a 1Y correlation of 0.09, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dell Technologies Inc. | 0.09 | 0.18 | 0.20 | 96 | Technology | |
| International Seaways, Inc. | 0.11 | 0.15 | 0.16 | 99 | Industrials | |
| RenaissanceRe Holdings Ltd. | 0.11 | 0.16 | 0.16 | 81 | Financial Services | |
| The Allstate Corporation | 0.15 | 0.21 | 0.27 | 82 | Financial Services | |
| Chubb Limited | 0.17 | 0.20 | 0.24 | 89 | Financial Services |
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