Looking to diversify beyond AMDY? The ETFs below have the lowest correlation with AMDY — 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 AMDY.
Best Diversifiers for AMDY
723 ETFs have low correlation with AMDY (below 0.3), 133 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | — | — | 52 | Cryptocurrency | AMDY vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | — | — | 70 | Inverse Equities, Leveraged Equities | AMDY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 63 | Inverse Equities | AMDY vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | — | — | 73 | Derivative Income | AMDY vs WNTR | |
| F/m US Treasury 3 Month Bill ETF | -0.19 | — | — | 100 | Ultrashort Bond | AMDY vs TBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMDY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.24 | — | — | 80 | Consumer Defensive | |
| Realty Income Corporation | -0.16 | -0.05 | -0.05 | 78 | Real Estate | |
| Berkshire Hathaway Inc. | -0.16 | — | — | 53 | Financial Services | |
| The Hershey Company | -0.15 | — | — | 53 | Consumer Defensive | |
| Merck & Co., Inc. | -0.12 | — | — | 92 | Healthcare |
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