Looking to balance out your exposure to AMGN? The ETFs below have the lowest correlation with AMGN — they tend to move on their own, which can help reduce risk when AMGN drops. The stock ideas table highlights individual companies that behave independently from AMGN.
Best Diversifiers for AMGN
25 ETFs have low correlation with AMGN (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | 0.00 | -0.01 | 100 | Ultrashort Bond | AMGN vs SGOV | |
| iShares iBonds Dec 2025 Term Treasury ETF | 0.03 | 0.04 | 0.08 | 99 | Government Bonds | AMGN vs IBTF | |
| iShares iBonds Dec 2026 Term Treasury ETF | 0.04 | 0.13 | 0.13 | 99 | Government Bonds | AMGN vs IBTG | |
| ProShares Ultra Semiconductors | 0.05 | 0.09 | 0.12 | 82 | Leveraged Equities, Semiconductors | AMGN vs USD | |
| State Street Technology Select Sector SPDR ETF | 0.10 | 0.17 | 0.21 | 66 | Technology Equities | AMGN vs XLK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMGN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMGN and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.12, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.12 | -0.03 | 0.04 | 58 | Communication Services | |
| CF Industries Holdings, Inc. | -0.10 | 0.04 | 0.07 | 51 | Basic Materials | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.08 | 0.01 | 0.04 | 61 | Energy | |
| Apache Corporation | -0.08 | 0.06 | 0.09 | 86 | Energy | |
| Valero Energy Corporation | -0.08 | 0.09 | 0.11 | 91 | Energy |
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