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
1 ETFs have low correlation with AMPX (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Global Silver and Metals Miners ETF (SLVP) (Silver) with a 1Y correlation of 0.16, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Global Silver and Metals Miners ETF | 0.16 | 0.17 | — | 57 | Silver, Precious Metals | AMPX vs SLVP | |
| Main International ETF | 0.30 | 0.29 | — | 52 | Foreign Large Cap Equities | AMPX vs INTL | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.35 | 0.29 | — | 76 | Nasdaq-100, Derivative Income | AMPX vs JEPQ | |
| Invesco QQQ ETF | 0.37 | 0.30 | — | 74 | Nasdaq-100 | AMPX vs QQQ | |
| ProShares UltraPro QQQ | 0.38 | 0.30 | — | 71 | Leveraged Equities | AMPX vs TQQQ |
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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 -0.03, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AxoGen, Inc. | -0.03 | 0.09 | 0.09 | 98 | Healthcare | |
| Indivior PLC Ordinary Shares | 0.04 | 0.10 | 0.09 | 97 | Healthcare | |
| Olema Pharmaceuticals, Inc. | 0.05 | 0.10 | — | 80 | Healthcare | |
| Protagonist Therapeutics Inc | 0.06 | 0.05 | — | 89 | Healthcare | |
| Pfizer Inc. | 0.09 | 0.17 | — | 64 | Healthcare |
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