Looking to balance out your exposure to AMC? The ETFs below have the lowest correlation with AMC — they tend to move on their own, which can help reduce risk when AMC drops. The stock ideas table highlights individual companies that behave independently from AMC.
Best Diversifiers for AMC
0 ETFs have low correlation with AMC (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.32, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.28 | 0.37 | 65 | S&P 500 | AMC vs SPY | |
| Vanguard S&P 500 ETF | 0.32 | 0.29 | 0.37 | 66 | S&P 500 | AMC vs VOO | |
| Xtrackers Short Duration High Yield Bond ETF | 0.33 | 0.26 | 0.32 | 74 | High Yield Bonds | AMC vs SHYL | |
| iShares Micro-Cap ETF | 0.34 | 0.35 | 0.43 | 77 | Small Cap Blend Equities | AMC vs IWC |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMC and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.05 | 0.08 | 0.18 | 53 | Financial Services | |
| Tesla, Inc. | 0.15 | 0.18 | 0.29 | 59 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.17 | 0.14 | 0.22 | 99 | Technology | |
| Apple Inc | 0.19 | 0.17 | 0.27 | 93 | Technology | |
| Globus Medical, Inc. | 0.21 | 0.17 | 0.25 | 76 | Healthcare |
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