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
370 ETFs have low correlation with AMAX (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.14 | -0.15 | 63 | Leveraged Currency | AMAX vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.13 | -0.13 | 97 | Inflation-Protected Bonds | AMAX vs RBIL | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | -0.05 | — | 99 | Ultrashort Bond | AMAX vs CSHP | |
| United States Gasoline Fund LP | -0.15 | 0.04 | 0.14 | 55 | Oil & Gas | AMAX vs UGA | |
| TCW AAA CLO ETF | -0.13 | -0.00 | -0.00 | 99 | CLO | AMAX vs ACLO |
See all 1984 diversifiers for AMAX
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