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
2 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 0.07, 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 | 0.07 | 0.03 | 0.06 | 85 | Inflation-Protected Bonds | AMKR vs STIP | |
| Schwab U.S. Dividend Equity ETF | 0.17 | 0.32 | 0.43 | 77 | Dividend | AMKR vs SCHD | |
| iMGP DBi Managed Futures Strategy ETF | 0.32 | 0.24 | 0.12 | 74 | Systematic Trend | AMKR vs DBMF | |
| Global X Copper Miners ETF | 0.42 | 0.40 | 0.41 | 60 | Copper | AMKR vs COPX | |
| iShares Latin American 40 ETF | 0.46 | 0.41 | 0.39 | 52 | Latin America Equities | AMKR vs ILF |
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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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.03, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.03 | 0.20 | 0.26 | 72 | Energy | |
| Palo Alto Networks, Inc. | 0.12 | 0.25 | 0.33 | 69 | Technology | |
| Zoom Video Communications, Inc. | 0.13 | 0.25 | 0.34 | 52 | Communication Services | |
| Avis Budget Group, Inc. | 0.15 | 0.29 | 0.36 | 57 | Industrials | |
| The Oncology Institute, Inc. | 0.18 | 0.12 | 0.13 | 79 | Healthcare |
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