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
4 ETFs have low correlation with AMD3.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 3x Apple ETC EUR (3APE.L) (Leveraged Equities) with a 1Y correlation of 0.19, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Apple ETC EUR | 0.19 | 0.29 | 0.37 | 63 | Leveraged Equities | AMD3.L vs 3APE.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.23 | 0.34 | 0.42 | 95 | Leveraged Equities | AMD3.L vs 3GOE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.24 | 0.34 | 0.42 | 95 | Leveraged Equities | AMD3.L vs 3GOO.L | |
| WisdomTree EURO STOXX Banks 3x Daily Leveraged | 0.27 | 0.25 | 0.27 | 77 | Leveraged Equities | AMD3.L vs 3BAL.L | |
| IncomeShares Nasdaq 100 Options (0DTE) ETP | 0.49 | — | — | 61 | Nasdaq-100, Derivative Income | AMD3.L vs QQQY.L |
See all 16 diversifiers for AMD3.L
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