Looking to diversify beyond AMAX? The ETFs below have the lowest correlation with AMAX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AMAX.
Best Diversifiers for AMAX
467 ETFs have low correlation with AMAX (below 0.3), 46 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.54 | — | — | 60 | Inverse Equities | AMAX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.54 | — | — | 68 | Inverse Equities, Leveraged Equities | AMAX vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.53 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AMAX vs SBIT | |
| ProShares Short Bitcoin ETF | -0.53 | -0.35 | -0.34 | 57 | Cryptocurrency | AMAX vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.51 | — | — | 70 | Derivative Income | AMAX vs WNTR |
See all 2049 diversifiers for AMAX
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Diversification Analysis
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