Looking to balance out your exposure to AMP? The ETFs below have the lowest correlation with AMP — they tend to move on their own, which can help reduce risk when AMP drops. The stock ideas table highlights individual companies that behave independently from AMP.
Best Diversifiers for AMP
2 ETFs have low correlation with AMP (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 0.14, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.14 | 0.32 | 0.42 | 63 | Energy Equities | AMP vs XLE | |
| VanEck Semiconductor ETF | 0.27 | 0.38 | 0.50 | 96 | Semiconductors, Technology Equities | AMP vs SMH | |
| iShares U.S. Technology ETF | 0.32 | 0.41 | 0.52 | 75 | Technology Equities | AMP vs IYW | |
| State Street Technology Select Sector SPDR ETF | 0.34 | 0.43 | 0.54 | 83 | Technology Equities | AMP vs XLK | |
| Invesco QQQ ETF | 0.37 | 0.44 | 0.54 | 73 | Nasdaq-100 | AMP vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMP and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.09 | 0.22 | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.07 | 0.05 | 0.22 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.06 | 0.07 | 0.15 | 92 | Healthcare | |
| Xcel Energy Inc. | -0.04 | 0.09 | 0.17 | 63 | Utilities | |
| W. P. Carey Inc. | -0.04 | 0.17 | 0.26 | 79 | Real Estate |
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