Looking to diversify beyond AMDL? The ETFs below have the lowest correlation with AMDL — 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 AMDL.
Best Diversifiers for AMDL
642 ETFs have low correlation with AMDL (below 0.3), 114 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | -0.41 | -0.41 | 60 | Inverse Equities, Leveraged Equities | AMDL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | -0.42 | -0.42 | 53 | Inverse Equities | AMDL vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | AMDL vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.20 | — | — | 51 | Multistrategy | AMDL vs RSBY | |
| F/m US Treasury 3 Month Bill ETF | -0.19 | — | — | 100 | Ultrashort Bond | AMDL vs TBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMDL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMDL and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.17 | — | — | 83 | Consumer Defensive | |
| Eli Lilly and Company | 0.02 | 0.13 | 0.13 | 80 | Healthcare | |
| Zoom Video Communications, Inc. | 0.10 | — | — | 61 | Communication Services | |
| American Express Company | 0.12 | 0.24 | 0.24 | 53 | Financial Services | |
| Palo Alto Networks, Inc. | 0.13 | — | — | 82 | Technology |
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Build a portfolio that complements AMDL
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