Looking to balance out your exposure to AMKBY? The ETFs below have the lowest correlation with AMKBY — they tend to move on their own, which can help reduce risk when AMKBY drops. The stock ideas table highlights individual companies that behave independently from AMKBY.
Best Diversifiers for AMKBY
7 ETFs have low correlation with AMKBY (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.00, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.00 | -0.05 | -0.03 | 100 | Government Bonds, Ultrashort Bond | AMKBY vs BIL | |
| Global X NASDAQ 100 Covered Call ETF | 0.14 | 0.15 | 0.25 | 85 | Nasdaq-100, Derivative Income | AMKBY vs QYLD | |
| Invesco QQQ ETF | 0.14 | 0.15 | 0.27 | 53 | Nasdaq-100 | AMKBY vs QQQ | |
| WisdomTree BioRevolution Fund | 0.17 | 0.15 | 0.24 | 72 | Health & Biotech Equities | AMKBY vs WDNA | |
| Vanguard S&P 500 ETF | 0.19 | 0.18 | 0.30 | 66 | S&P 500 | AMKBY vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMKBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMKBY and solid risk/return profiles. The least correlated is China Hongqiao Group Limited (CHHQY) (Basic Materials) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| China Hongqiao Group Limited | -0.07 | -0.02 | -0.02 | 58 | Basic Materials | |
| Banco de Sabadell SA ADR | -0.03 | 0.01 | -0.01 | 66 | Financial Services | |
| Nebius Group N.V. | 0.02 | — | — | 91 | Communication Services | |
| Hycroft Mining Holding Corporation | 0.02 | 0.07 | 0.13 | 95 | Basic Materials | |
| British American Tobacco p.l.c. | 0.03 | 0.06 | 0.14 | 76 | Consumer Defensive |
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