Looking to balance out your exposure to AMAL? The ETFs below have the lowest correlation with AMAL — they tend to move on their own, which can help reduce risk when AMAL drops. The stock ideas table highlights individual companies that behave independently from AMAL.
Best Diversifiers for AMAL
0 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 0.31, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.31 | 0.30 | 0.26 | 76 | Technology Equities | AMAL vs VGT | |
| SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.36 | 0.32 | 0.28 | 82 | S&P 500 | AMAL vs SPUS | |
| Invesco QQQ ETF | 0.37 | 0.32 | 0.27 | 74 | Nasdaq-100 | AMAL vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.37 | 0.32 | 0.27 | 75 | Nasdaq-100 | AMAL vs QQQM | |
| Wahed Dow Jones Islamic World ETF | 0.37 | 0.33 | — | 76 | Foreign Large Cap Equities | AMAL vs UMMA |
See all 7 diversifiers for AMAL
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