Looking to balance out your exposure to AMD? The ETFs below have the lowest correlation with AMD — they tend to move on their own, which can help reduce risk when AMD drops. The stock ideas table highlights individual companies that behave independently from AMD.
Best Diversifiers for AMD
85 ETFs have low correlation with AMD (below 0.3), 21 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.
| 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 | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.08 | -0.04 | 100 | Government Bonds, Ultrashort Bond | AMD vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.06 | -0.02 | 100 | Ultrashort Bond | AMD vs SGOV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.12 | 0.06 | 0.18 | 76 | Large Cap Value Equities, Dividend | AMD vs FDL | |
| Franklin U.S. Low Volatility High Dividend Index E... | -0.12 | 0.00 | 0.13 | 54 | Dividend | AMD vs LVHD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMD and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.39, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.39 | -0.13 | 0.01 | 81 | Financial Services | |
| Waste Management, Inc. | -0.34 | -0.12 | 0.02 | 51 | Industrials | |
| Chubb Limited | -0.34 | -0.12 | 0.01 | 86 | Financial Services | |
| Arch Capital Group Ltd. | -0.33 | -0.08 | 0.05 | 64 | Financial Services | |
| Aflac Incorporated | -0.27 | -0.03 | 0.12 | 78 | Financial Services |
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