Looking to balance out your exposure to AMG? The ETFs below have the lowest correlation with AMG — they tend to move on their own, which can help reduce risk when AMG drops. The stock ideas table highlights individual companies that behave independently from AMG.
Best Diversifiers for AMG
0 ETFs have low correlation with AMG (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.50, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.50 | 0.53 | 0.64 | 74 | S&P 500 | AMG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMG and solid risk/return profiles. The least correlated is Frontline Ltd. (FRO) (Energy) with a 1Y correlation of -0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Frontline Ltd. | -0.01 | 0.11 | 0.17 | 89 | Energy | |
| Teekay Tankers Ltd. | 0.04 | 0.10 | 0.15 | 80 | Energy | |
| Mitsubishi UFJ Financial Group, Inc. | 0.30 | 0.31 | 0.38 | 83 | Financial Services | |
| Ituran Location and Control Ltd. | 0.30 | 0.33 | 0.36 | 90 | Technology | |
| Aegon N.V. | 0.32 | 0.40 | 0.50 | 68 | Financial Services |
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