Looking to balance out your exposure to AMPH? The ETFs below have the lowest correlation with AMPH — they tend to move on their own, which can help reduce risk when AMPH drops. The stock ideas table highlights individual companies that behave independently from AMPH.
Best Diversifiers for AMPH
3 ETFs have low correlation with AMPH (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.28, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.28 | 0.30 | 0.28 | 59 | S&P 500 | AMPH vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.30 | 0.29 | 59 | S&P 500 | AMPH vs VOO | |
| SPDR Portfolio High Yield Bond ETF | 0.30 | 0.25 | 0.22 | 60 | High Yield Bonds | AMPH vs SPHY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMPH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMPH and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.04 | 0.04 | 0.09 | 72 | Technology | |
| British American Tobacco p.l.c. | 0.08 | 0.13 | 0.17 | 77 | Consumer Defensive | |
| Moderna, Inc. | 0.13 | 0.18 | 0.15 | 86 | Healthcare | |
| Hawkins, Inc. | 0.15 | 0.23 | 0.24 | 54 | Basic Materials | |
| Dave Inc. | 0.16 | 0.11 | 0.08 | 63 | Technology |
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