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
5 ETFs have low correlation with AMKR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | 0.02 | 0.01 | 0.06 | 93 | Inflation-Protected Bonds | AMKR vs STIP | |
| State Street Energy Select Sector SPDR ETF | 0.03 | 0.15 | 0.22 | 63 | Energy Equities | AMKR vs XLE | |
| Schwab U.S. Dividend Equity ETF | 0.18 | 0.33 | 0.43 | 80 | Dividend | AMKR vs SCHD | |
| Militia Long/Short Equity ETF | 0.25 | — | — | 52 | Long-Short | AMKR vs ORR | |
| iMGP DBi Managed Futures Strategy ETF | 0.30 | 0.24 | 0.11 | 83 | 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 Nutrien Ltd. (NTR) (Basic Materials) with a 1Y correlation of 0.01, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nutrien Ltd. | 0.01 | 0.14 | 0.22 | 58 | Basic Materials | |
| Energy Transfer LP | 0.03 | 0.21 | 0.26 | 69 | Energy | |
| Palo Alto Networks, Inc. | 0.11 | 0.24 | 0.33 | 67 | Technology | |
| Avis Budget Group, Inc. | 0.16 | 0.29 | 0.36 | 60 | Industrials | |
| The Oncology Institute, Inc. | 0.18 | 0.12 | — | 55 | Healthcare |
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