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
84 ETFs have low correlation with AMD (below 0.3), 16 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.15, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.05 | -0.02 | 100 | Ultrashort Bond | AMD vs SGOV | |
| United States Oil Fund LP | -0.12 | -0.01 | 0.05 | 66 | Oil & Gas | AMD vs USO | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.06 | -0.02 | 100 | Government Bonds, Ultrashort Bond | AMD vs USFR | |
| iShares 0-1 Year Treasury Bond ETF | -0.10 | -0.03 | -0.00 | 100 | Government Bonds, Ultrashort Bond | AMD vs SHV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.09 | -0.00 | 0.07 | 93 | Inflation-Protected Bonds | AMD vs VTIP |
To view more results, upgrade your current subscription plan.
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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.28, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.28 | -0.09 | 0.03 | 57 | Financial Services | |
| Aflac Incorporated | -0.20 | 0.02 | 0.12 | 66 | Financial Services | |
| Duke Energy Corporation | -0.19 | -0.18 | -0.10 | 57 | Utilities | |
| Altria Group, Inc. | -0.18 | -0.14 | -0.07 | 73 | Consumer Defensive | |
| Verizon Communications Inc. | -0.17 | -0.12 | -0.05 | 56 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AMD
Add AMD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMD