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
60 ETFs have low correlation with AMAT (below 0.3), 11 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.20, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.20 | -0.03 | 0.06 | 66 | Oil & Gas | AMAT vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.16 | 0.00 | 0.08 | 54 | Leveraged Commodities | AMAT vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.04 | -0.01 | 100 | Ultrashort Bond | AMAT vs SGOV | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.11 | 0.05 | 0.12 | 76 | Commodities | AMAT vs PDBC | |
| iShares 0-5 Year TIPS Bond ETF | -0.10 | -0.03 | 0.06 | 93 | Inflation-Protected Bonds | AMAT vs STIP |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.14 | -0.03 | 73 | Consumer Defensive | |
| Chubb Limited | -0.24 | -0.07 | 0.09 | 57 | Financial Services | |
| Duke Energy Corporation | -0.20 | -0.17 | -0.09 | 57 | Utilities | |
| Verizon Communications Inc. | -0.20 | -0.12 | -0.04 | 56 | Communication Services | |
| CF Industries Holdings, Inc. | -0.19 | 0.01 | 0.10 | 63 | Basic Materials |
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