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
42 ETFs have low correlation with AMAT (below 0.3), 7 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.17, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.09 | -0.04 | 100 | Government Bonds, Ultrashort Bond | AMAT vs USFR | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.05 | 0.11 | 0.26 | 72 | Large Cap Value Equities, Dividend | AMAT vs FDL | |
| iShares 0-5 Year TIPS Bond ETF | -0.04 | -0.02 | 0.06 | 88 | Inflation-Protected Bonds | AMAT vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.04 | -0.03 | 0.06 | 87 | Inflation-Protected Bonds | AMAT vs VTIP | |
| iShares Core High Dividend ETF | -0.04 | 0.09 | 0.26 | 74 | Dividend, Large Cap Value Equities | AMAT vs HDV |
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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 -0.29, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.29 | -0.09 | 0.08 | 72 | Financial Services | |
| Altria Group, Inc. | -0.27 | -0.16 | -0.04 | 74 | Consumer Defensive | |
| Cboe Global Markets, Inc. | -0.21 | -0.19 | -0.02 | 52 | Financial Services | |
| Verizon Communications Inc. | -0.21 | -0.12 | -0.05 | 62 | Communication Services | |
| Duke Energy Corporation | -0.21 | -0.17 | -0.10 | 64 | Utilities |
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