Looking to balance out your exposure to AMAT? The ETFs below have the lowest correlation with AMAT — they tend to move on their own, which can help reduce risk when AMAT drops. The stock ideas table highlights individual companies that behave independently from AMAT.
Best Diversifiers for AMAT
68 ETFs have low correlation with AMAT (below 0.3), 19 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.10 | -0.05 | 100 | Government Bonds, Ultrashort Bond | AMAT vs USFR | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.13 | 0.08 | 0.24 | 87 | Large Cap Value Equities, Dividend | AMAT vs FDL | |
| Vanguard Ultra-Short Treasury ETF | -0.11 | — | — | 100 | Ultrashort Bond, Government Bonds | AMAT vs VGUS | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.11 | 0.02 | 0.18 | 60 | Dividend | AMAT vs LVHD | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | -0.06 | -0.02 | 100 | Ultrashort Bond | AMAT vs SGOV |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMAT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMAT and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.33, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.33 | -0.11 | 0.06 | 82 | Financial Services | |
| Arch Capital Group Ltd. | -0.33 | -0.11 | 0.04 | 62 | Financial Services | |
| Waste Management, Inc. | -0.30 | -0.09 | 0.05 | 56 | Industrials | |
| Altria Group, Inc. | -0.27 | -0.16 | -0.04 | 80 | Consumer Defensive | |
| Duke Energy Corporation | -0.26 | -0.22 | -0.11 | 64 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AMAT
Add AMAT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMAT