Looking to diversify beyond AMDL? The ETFs below have historically moved differently from AMDL, 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 AMDL
768 ETFs have low correlation with AMDL (below 0.3), 161 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | AMDL vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | — | — | 61 | Cryptocurrency | AMDL vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 52 | Inverse Equities | AMDL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 61 | Inverse Equities, Leveraged Equities | AMDL vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | AMDL vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMDL, 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 |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. Class A | -0.19 | — | — | 58 | Financial Services | |
| Berkshire Hathaway Inc. | -0.19 | — | — | 61 | Financial Services | |
| Coca-Cola Consolidated, Inc. | -0.15 | — | — | 87 | Consumer Defensive | |
| Eli Lilly and Company | 0.01 | — | — | 83 | Healthcare | |
| Zoom Video Communications, Inc. | 0.06 | — | — | 67 | Communication Services |
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