Looking to diversify beyond AMDY? The ETFs below have historically moved differently from AMDY, 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 AMDY
671 ETFs have low correlation with AMDY (below 0.3), 132 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 58 | Derivative Income | AMDY vs WNTR | |
| SEI Enhanced Low Volatility US Large Cap ETF | -0.21 | — | — | 56 | Low Volatility | AMDY vs SELV | |
| F/m US Treasury 3 Month Bill ETF | -0.20 | — | — | 100 | Ultrashort Bond | AMDY vs TBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 96 | Inflation-Protected Bonds | AMDY vs IBID | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.17 | 0.04 | 0.04 | 89 | Large Cap Value Equities, Dividend | AMDY vs FDL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMDY, 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 |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | — | — | 63 | Consumer Defensive | |
| Realty Income Corporation | -0.17 | — | — | 69 | Real Estate | |
| Berkshire Hathaway Inc. | -0.16 | — | — | 66 | Financial Services | |
| Merck & Co., Inc. | -0.15 | -0.09 | -0.09 | 94 | Healthcare | |
| AbbVie Inc. | -0.12 | — | — | 73 | Healthcare |
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