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), 6 of which are negatively correlated. The least correlated is iShares Commodities Select Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.12, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Commodities Select Strategy ETF | -0.12 | 0.03 | 0.09 | 71 | Commodities | AMBA vs COMT | |
| VanEck Commodity Strategy ETF | -0.05 | 0.07 | — | 87 | Commodities | AMBA vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.01 | 0.13 | 0.14 | 81 | Commodities | AMBA vs FTGC | |
| Harbor Commodity All-Weather Strategy ETF | -0.01 | 0.10 | 0.12 | 78 | Commodities | AMBA vs HGER | |
| United States Commodity Index Fund | -0.00 | 0.10 | 0.14 | 74 | Commodities | AMBA vs USCI |
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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 -0.17, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.17 | 0.05 | 0.10 | 60 | Basic Materials | |
| Exxon Mobil Corporation | -0.08 | 0.03 | 0.11 | 85 | Energy | |
| Kinder Morgan, Inc. | -0.06 | 0.13 | 0.19 | 60 | Energy | |
| Nutrien Ltd. | -0.06 | 0.16 | 0.22 | 58 | Basic Materials | |
| Chevron Corporation | -0.05 | 0.07 | 0.14 | 83 | Energy |
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Build a portfolio that complements AMBA
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