Looking to diversify beyond AMD3.L? The ETFs below have the lowest correlation with AMD3.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AMD3.L.
Best Diversifiers for AMD3.L
7 ETFs have low correlation with AMD3.L (below 0.3), 2 of which are negatively correlated. The least correlated is Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) (Leveraged Equities) with a 1Y correlation of -0.08, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.08 | 0.05 | — | 56 | Leveraged Equities | AMD3.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.07 | 0.05 | 0.08 | 61 | Leveraged Equities | AMD3.L vs 3BP.L | |
| Leverage Shares 3x Apple ETP Securities GBP | 0.20 | 0.28 | 0.39 | 57 | Leveraged Equities | AMD3.L vs 3AAP.L | |
| Leverage Shares 3x Apple ETC EUR | 0.22 | 0.29 | 0.37 | 63 | Leveraged Equities | AMD3.L vs 3APE.L | |
| Leverage Shares 2x Alphabet ETC A GBP | 0.24 | 0.36 | 0.43 | 95 | Leveraged Equities | AMD3.L vs 2GOO.L |
See all 23 diversifiers for AMD3.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements AMD3.L
Add AMD3.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMD3.L