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
22 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 -0.10, 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 | -0.10 | 0.00 | -0.01 | 100 | Ultrashort Bond | AMGN vs SGOV | |
| State Street Energy Select Sector SPDR ETF | 0.00 | 0.12 | 0.15 | 63 | Energy Equities | AMGN vs XLE | |
| iShares iBonds Dec 2025 Term Treasury ETF | 0.01 | 0.04 | 0.08 | 99 | Government Bonds | AMGN vs IBTF | |
| iShares iBonds Dec 2026 Term Treasury ETF | 0.01 | 0.12 | 0.13 | 99 | Government Bonds | AMGN vs IBTG | |
| ProShares Ultra Semiconductors | 0.09 | 0.09 | 0.13 | 90 | Leveraged Equities, Semiconductors | AMGN vs USD |
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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 CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.13 | 0.04 | 0.07 | 60 | Basic Materials | |
| AppLovin Corporation | -0.10 | -0.01 | 0.04 | 59 | Technology | |
| Valero Energy Corporation | -0.08 | 0.09 | 0.11 | 93 | Energy | |
| Apache Corporation | -0.07 | 0.06 | 0.09 | 90 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.07 | 0.02 | 0.04 | 68 | Energy |
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