Looking to diversify beyond AMLP? The ETFs below have historically moved differently from AMLP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for AMLP
2117 ETFs have low correlation with AMLP (below 0.3), 1376 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Eaton Vance Intermediate Municipal Income ETF | -0.26 | — | — | 76 | Municipal Bonds | AMLP vs EVIM | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.25 | — | — | 64 | Municipal Bonds | AMLP vs BSMY | |
| BNY Mellon Ultra Short Income ETF | -0.24 | -0.05 | — | 99 | Ultrashort Bond | AMLP vs BKUI | |
| First Trust Low Duration Mortgage Opportunities ET... | -0.23 | -0.01 | -0.01 | 91 | Mortgage Backed Securities | AMLP vs LMBS | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.23 | -0.04 | — | 65 | Municipal Bonds | AMLP vs BSMW |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMLP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of -0.21, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | -0.21 | 0.08 | 0.21 | 70 | Industrials | |
| Micron Technology, Inc. | -0.16 | 0.11 | 0.20 | 99 | Technology | |
| Interactive Brokers Group, Inc. | -0.15 | 0.17 | 0.26 | 73 | Financial Services | |
| Lam Research Corporation | -0.15 | 0.09 | 0.20 | 96 | Technology | |
| Western Digital Corporation | -0.14 | 0.11 | 0.25 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AMLP
Add AMLP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMLP