Looking to diversify beyond AMDW? The ETFs below have the lowest correlation with AMDW — 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 AMDW.
Best Diversifiers for AMDW
0 ETFs have low correlation with AMDW (below 0.3), 0 of which are negatively correlated. The least correlated is Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY) (Derivative Income) with a 1Y correlation of 0.56, roughly unchanged from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill S&P 500 Target 20 Managed Distribution E... | 0.56 | 0.56 | 0.56 | 67 | Derivative Income, S&P 500 | AMDW vs XPAY | |
| NestYield Visionary ETF | 0.66 | 0.66 | 0.66 | 53 | Derivative Income | AMDW vs EGGQ |
Diversification Analysis
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