Looking to diversify beyond AMOM? The ETFs below have the lowest correlation with AMOM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AMOM.
Best Diversifiers for AMOM
493 ETFs have low correlation with AMOM (below 0.3), 100 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.35 | -0.36 | 57 | Cryptocurrency | AMOM vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AMOM vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.39 | -0.46 | -0.46 | 60 | Inverse Equities | AMOM vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.44 | -0.44 | 68 | Inverse Equities, Leveraged Equities | AMOM vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | AMOM vs WNTR |
See all 2049 diversifiers for AMOM
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