Looking to balance out your exposure to AMD? The ETFs below have historically moved differently from AMD, 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 AMD
98 ETFs have low correlation with AMD (below 0.3), 30 of which are negatively correlated. The least correlated is F/m US Treasury 3 Month Bill ETF (TBIL) (Ultrashort Bond) with a 1Y correlation of -0.20, down from -0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m US Treasury 3 Month Bill ETF | -0.20 | -0.09 | — | 100 | Ultrashort Bond | AMD vs TBIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.07 | -0.03 | 100 | Ultrashort Bond | AMD vs SGOV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.16 | 0.06 | 0.17 | 92 | Large Cap Value Equities, Dividend | AMD vs FDL | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.09 | -0.04 | 100 | Government Bonds, Ultrashort Bond | AMD vs USFR | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.15 | -0.00 | 0.12 | 70 | Dividend, Low Volatility | AMD vs LVHD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMD, 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 The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.39, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.39 | -0.13 | -0.00 | 85 | Financial Services | |
| Chubb Limited | -0.36 | -0.12 | 0.00 | 92 | Financial Services | |
| Waste Management, Inc. | -0.36 | -0.13 | 0.01 | 54 | Industrials | |
| Arch Capital Group Ltd. | -0.33 | -0.11 | 0.03 | 69 | Financial Services | |
| W. R. Berkley Corporation | -0.32 | -0.13 | -0.01 | 63 | Financial Services |
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