Looking to diversify beyond AMID? The ETFs below have the lowest correlation with AMID — 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 AMID.
Best Diversifiers for AMID
341 ETFs have low correlation with AMID (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.31 | -0.33 | 57 | Cryptocurrency | AMID vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.35 | -0.35 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AMID vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 53 | Inverse Equities | AMID vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | AMID vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | AMID vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMID, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMID and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.16, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.16 | 0.38 | 0.49 | 53 | Financial Services |
Build a portfolio that complements AMID
Add AMID to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMID