Looking to diversify beyond AMDD? The ETFs below have the lowest correlation with AMDD — 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 AMDD.
Best Diversifiers for AMDD
2116 ETFs have low correlation with AMDD (below 0.3), 2003 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long AMD Daily ETF | -1.00 | — | — | 96 | Leveraged Equities | AMDD vs AMDG | |
| GraniteShares 2x Long AMD Daily ETF | -1.00 | — | — | 96 | Leveraged Equities | AMDD vs AMDL | |
| Direxion Daily AMD Bull 2X Shares | -1.00 | — | — | 96 | Leveraged Equities | AMDD vs AMUU | |
| YieldMax AMD Option Income Strategy ETF | -0.99 | — | — | 93 | Options Trading, Dividend | AMDD vs AMDY | |
| Invesco PHLX Semiconductor ETF | -0.72 | -0.75 | -0.75 | 96 | Semiconductors, Technology Equities | AMDD vs SOXQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMDD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMDD and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -1.00 | — | — | 98 | Technology |
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