Looking to diversify beyond AMAX? The ETFs below have historically moved differently from AMAX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AMAX
551 ETFs have low correlation with AMAX (below 0.3), 61 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.53 | — | — | 52 | Inverse Equities | AMAX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.52 | — | — | 61 | Inverse Equities, Leveraged Equities | AMAX vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.51 | -0.34 | — | 61 | Cryptocurrency | AMAX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.51 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | AMAX vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.50 | — | — | 75 | Derivative Income | AMAX vs WNTR |
See all 2238 diversifiers for AMAX
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