Looking to balance out your exposure to AMKR? The ETFs below have the lowest correlation with AMKR — they tend to move on their own, which can help reduce risk when AMKR drops. The stock ideas table highlights individual companies that behave independently from AMKR.
Best Diversifiers for AMKR
4 ETFs have low correlation with AMKR (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.00, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.00 | 0.12 | 0.21 | 50 | Energy Equities | AMKR vs XLE | |
| iShares 0-5 Year TIPS Bond ETF | 0.08 | 0.03 | 0.06 | 91 | Inflation-Protected Bonds | AMKR vs STIP | |
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.29 | 0.41 | 86 | Dividend | AMKR vs SCHD | |
| Militia Long/Short Equity ETF | 0.27 | — | — | 66 | Long-Short | AMKR vs ORR | |
| iMGP DBi Managed Futures Strategy ETF | 0.34 | 0.26 | 0.12 | 87 | Systematic Trend | AMKR vs DBMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMKR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMKR and solid risk/return profiles. The least correlated is McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.20, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.20 | -0.15 | -0.00 | 60 | Healthcare | |
| Occidental Petroleum Corporation | -0.10 | 0.10 | 0.19 | 62 | Energy | |
| Energy Transfer LP | 0.01 | 0.20 | 0.25 | 84 | Energy | |
| Nutrien Ltd. | 0.01 | 0.12 | 0.21 | 58 | Basic Materials | |
| Qualys, Inc. | 0.03 | 0.21 | 0.34 | 53 | Technology |
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