Looking to balance out your exposure to AMPL? The ETFs below have the lowest correlation with AMPL — they tend to move on their own, which can help reduce risk when AMPL drops. The stock ideas table highlights individual companies that behave independently from AMPL.
Best Diversifiers for AMPL
6 ETFs have low correlation with AMPL (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.01, down from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.01 | 0.09 | — | 59 | Energy Equities | AMPL vs XLE | |
| Global X MLP ETF | 0.03 | 0.16 | — | 54 | MLPs | AMPL vs MLPA | |
| Schwab U.S. Dividend Equity ETF | 0.08 | 0.24 | — | 91 | Dividend | AMPL vs SCHD | |
| Defiance Quantum ETF | 0.26 | 0.41 | — | 70 | Technology Equities | AMPL vs QTUM | |
| Vanguard S&P 500 ETF | 0.29 | 0.39 | — | 66 | S&P 500 | AMPL vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMPL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMPL and solid risk/return profiles. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of -0.04, down from 0.17 over 5 years.
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