Looking to balance out your exposure to AMBP? The ETFs below have the lowest correlation with AMBP — they tend to move on their own, which can help reduce risk when AMBP drops. The stock ideas table highlights individual companies that behave independently from AMBP.
Best Diversifiers for AMBP
2 ETFs have low correlation with AMBP (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.12, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.12 | 0.17 | — | 75 | Momentum, S&P 500 | AMBP vs SPMO | |
| Global X S&P 500 Covered Call ETF | 0.22 | 0.24 | — | 84 | Derivative Income, S&P 500 | AMBP vs XYLD | |
| Avantis International Small Cap Value ETF | 0.34 | 0.37 | — | 80 | Foreign Small & Mid Cap Equities | AMBP vs AVDV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMBP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMBP and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.01, down from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.01 | 0.13 | — | 74 | Energy | |
| Amazon.com, Inc | 0.15 | 0.16 | — | 62 | Consumer Cyclical | |
| Nordic American Tankers Limited | 0.18 | 0.14 | — | 94 | Industrials | |
| Sibanye Stillwater Limited | 0.20 | 0.22 | — | 74 | Basic Materials | |
| AGNC Investment Corp. | 0.29 | 0.33 | — | 77 | Real Estate |
Build a portfolio that complements AMBP
Add AMBP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMBP