Looking to balance out your exposure to AMBP? The ETFs below have historically moved differently from AMBP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AMBP
1 ETFs have low correlation with AMBP (below 0.3), 0 of which are negatively correlated. The least correlated is Global X S&P 500 Covered Call ETF (XYLD) (Derivative Income) with a 1Y correlation of 0.19, roughly unchanged from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X S&P 500 Covered Call ETF | 0.19 | 0.23 | 0.29 | 92 | Derivative Income, S&P 500 | AMBP vs XYLD | |
| Avantis International Small Cap Value ETF | 0.35 | 0.35 | 0.39 | 78 | Foreign Small & Mid Cap Equities | AMBP vs AVDV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMBP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.02, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.02 | 0.11 | 0.18 | 82 | Energy | |
| Amazon.com, Inc | 0.08 | 0.12 | 0.24 | 68 | Consumer Cyclical | |
| Nordic American Tankers Limited | 0.15 | 0.12 | 0.13 | 97 | Industrials | |
| AGNC Investment Corp. | 0.33 | 0.34 | 0.36 | 76 | Real Estate |
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