Looking to balance out your exposure to AMPX? The ETFs below have the lowest correlation with AMPX — they tend to move on their own, which can help reduce risk when AMPX drops. The stock ideas table highlights individual companies that behave independently from AMPX.
Best Diversifiers for AMPX
4 ETFs have low correlation with AMPX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.01, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.01 | -0.01 | — | 100 | Ultrashort Bond | AMPX vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.05 | -0.01 | — | 89 | Inflation-Protected Bonds | AMPX vs VTIP | |
| Avantis International Small Cap Value ETF | 0.27 | 0.25 | — | 79 | Foreign Small & Mid Cap Equities | AMPX vs AVDV | |
| iMGP DBi Managed Futures Strategy ETF | 0.30 | 0.20 | — | 79 | Systematic Trend | AMPX vs DBMF | |
| WisdomTree U.S. Efficient Core Fund | 0.31 | 0.29 | — | 51 | Diversified Portfolio | AMPX vs NTSX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMPX and solid risk/return profiles. The least correlated is AxoGen, Inc. (AXGN) (Healthcare) with a 1Y correlation of -0.00, roughly unchanged from 0.10 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AxoGen, Inc. | -0.00 | 0.10 | — | 99 | Healthcare | |
| Indivior PLC Ordinary Shares | 0.01 | 0.09 | — | 98 | Healthcare | |
| Olema Pharmaceuticals, Inc. | 0.06 | 0.09 | 0.09 | 80 | Healthcare | |
| Protagonist Therapeutics Inc | 0.07 | 0.05 | — | 94 | Healthcare | |
| RTX Corporation | 0.11 | 0.08 | 0.09 | 77 | Industrials |
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