Looking to balance out your exposure to AMPX? The ETFs below have historically moved differently from AMPX, 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 AMPX
4 ETFs have low correlation with AMPX (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | -0.02 | — | 100 | Ultrashort Bond | AMPX vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.03 | -0.03 | — | 83 | Inflation-Protected Bonds | AMPX vs VTIP | |
| Invesco Optimum Yield Diversified Commodity Strate... | 0.18 | 0.14 | — | 58 | Commodities | AMPX vs PDBC | |
| WisdomTree International Efficient Core Fund | 0.28 | 0.22 | 0.21 | 51 | Global Allocation | AMPX vs NTSI | |
| Avantis International Small Cap Value ETF | 0.30 | 0.25 | — | 77 | Foreign Small & Mid Cap Equities | AMPX vs AVDV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMPX, 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 Pacira BioSciences, Inc. (PCRX) (Healthcare) with a 1Y correlation of -0.01, roughly unchanged from 0.04 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pacira BioSciences, Inc. | -0.01 | 0.04 | — | 59 | Healthcare | |
| Indivior PLC Ordinary Shares | 0.01 | 0.08 | 0.08 | 89 | Healthcare | |
| AxoGen, Inc. | 0.04 | 0.10 | 0.09 | 99 | Healthcare | |
| Protagonist Therapeutics Inc | 0.05 | 0.05 | — | 97 | Healthcare | |
| Pfizer Inc. | 0.06 | 0.14 | 0.15 | 62 | Healthcare |
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