Looking to balance out your exposure to AMPH? The ETFs below have historically moved differently from AMPH, 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 AMPH
3 ETFs have low correlation with AMPH (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.20, roughly unchanged from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.27 | 0.27 | 72 | S&P 500 | AMPH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.27 | 0.27 | 71 | S&P 500 | AMPH vs SPY | |
| SPDR Portfolio High Yield Bond ETF | 0.29 | 0.25 | 0.21 | 62 | High Yield Bonds | AMPH vs SPHY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMPH, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.08, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.08 | 0.02 | 0.08 | 70 | Technology | |
| Newmont Corporation | 0.09 | 0.10 | 0.10 | 74 | Basic Materials | |
| Moderna, Inc. | 0.09 | 0.18 | 0.15 | 84 | Healthcare | |
| British American Tobacco p.l.c. | 0.16 | 0.15 | 0.18 | 58 | Consumer Defensive | |
| Dave Inc. | 0.18 | 0.12 | 0.08 | 76 | Financial Services |
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