Looking to balance out your exposure to AMBA? The ETFs below have the lowest correlation with AMBA — they tend to move on their own, which can help reduce risk when AMBA drops. The stock ideas table highlights individual companies that behave independently from AMBA.
Best Diversifiers for AMBA
8 ETFs have low correlation with AMBA (below 0.3), 2 of which are negatively correlated. The least correlated is iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.07 | 0.05 | 0.09 | 52 | Commodities | AMBA vs COMT | |
| iShares Global Energy ETF | -0.01 | 0.13 | 0.20 | 65 | Energy Equities | AMBA vs IXC | |
| VanEck Commodity Strategy ETF | 0.01 | 0.09 | — | 77 | Commodities | AMBA vs PIT | |
| United States Commodity Index Fund | 0.04 | 0.11 | 0.14 | 72 | Commodities | AMBA vs USCI | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.06 | — | — | 71 | Commodities | AMBA vs CERY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMBA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMBA and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.16, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.16 | 0.04 | 0.09 | 67 | Basic Materials | |
| Cheniere Energy, Inc. | -0.13 | 0.05 | 0.13 | 57 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.00 | 0.09 | 78 | Energy | |
| Chevron Corporation | -0.11 | 0.04 | 0.12 | 74 | Energy | |
| Kinder Morgan, Inc. | -0.08 | 0.09 | 0.17 | 77 | Energy |
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