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
4 ETFs have low correlation with AMBA (below 0.3), 1 of which are negatively correlated. The least correlated is VanEck Commodity Strategy ETF (PIT) (Commodities) with a 1Y correlation of -0.01, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Commodity Strategy ETF | -0.01 | 0.09 | — | 57 | Commodities | AMBA vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.03 | 0.13 | 0.15 | 55 | Commodities | AMBA vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.04 | — | — | 53 | Commodities | AMBA vs CERY | |
| SPDR S&P Oil & Gas Equipment & Services ETF | 0.29 | 0.32 | 0.33 | 82 | Energy Equities | AMBA vs XES | |
| VanEck Rare Earth and Strategic Metals ETF | 0.34 | 0.41 | 0.46 | 80 | Rare Earth & Strategic Metals | AMBA vs REMX |
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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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.08, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.02 | 0.11 | 72 | Energy | |
| Lockheed Martin Corporation | -0.07 | -0.07 | -0.02 | 51 | Industrials | |
| Chevron Corporation | -0.06 | 0.07 | 0.14 | 70 | Energy | |
| Kinder Morgan, Inc. | -0.04 | 0.12 | 0.19 | 72 | Energy | |
| Bunge Limited | 0.01 | 0.06 | 0.14 | 76 | Consumer Defensive |
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