Looking to diversify beyond AMDD? The ETFs below have historically moved differently from AMDD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AMDD
2292 ETFs have low correlation with AMDD (below 0.3), 2135 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | -1.00 | — | — | 88 | Leveraged Equities | AMDD vs AMDL | |
| Direxion Daily AMD Bull 2X Shares | -1.00 | — | — | 87 | Leveraged Equities | AMDD vs AMUU | |
| YieldMax AMD Option Income Strategy ETF | -0.99 | — | — | 87 | Derivative Income, Options Trading | AMDD vs AMDY | |
| iShares Semiconductor ETF | -0.80 | — | — | 90 | Semiconductors, Technology Equities | AMDD vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.80 | — | — | 91 | Leveraged Equities, Semiconductors | AMDD vs SOXL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMDD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -1.00 | — | — | 94 | Technology |
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