Looking to balance out your exposure to AMP? The ETFs below have historically moved differently from AMP, 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 AMP
5 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 0.09, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.09 | 0.27 | 0.39 | 69 | Energy Equities | AMP vs XLE | |
| VanEck Semiconductor ETF | 0.17 | 0.34 | 0.47 | 87 | Semiconductors, Technology Equities | AMP vs SMH | |
| State Street Technology Select Sector SPDR ETF | 0.22 | 0.39 | 0.52 | 61 | Technology Equities | AMP vs XLK | |
| iShares U.S. Technology ETF | 0.24 | 0.38 | 0.51 | 58 | Technology Equities | AMP vs IYW | |
| Invesco QQQ ETF | 0.26 | 0.41 | 0.53 | 55 | Nasdaq-100 | AMP vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMP, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.10 | 0.07 | 0.13 | 95 | Healthcare | |
| The Coca-Cola Company | -0.09 | 0.04 | 0.21 | 86 | Consumer Defensive | |
| Xcel Energy Inc. | -0.08 | 0.09 | 0.16 | 56 | Utilities | |
| Agree Realty Corporation | -0.08 | 0.08 | 0.18 | 53 | Real Estate | |
| Altria Group, Inc. | -0.07 | 0.07 | 0.19 | 64 | Consumer Defensive |
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