Looking to balance out your exposure to AMSC? The ETFs below have the lowest correlation with AMSC — they tend to move on their own, which can help reduce risk when AMSC drops. The stock ideas table highlights individual companies that behave independently from AMSC.
Best Diversifiers for AMSC
8 ETFs have low correlation with AMSC (below 0.3), 6 of which are negatively correlated. The least correlated is iShares Commodities Select Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.11, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Commodities Select Strategy ETF | -0.11 | 0.00 | 0.08 | 71 | Commodities | AMSC vs COMT | |
| VanEck Commodity Strategy ETF | -0.09 | 0.00 | — | 87 | Commodities | AMSC vs PIT | |
| Harbor Commodity All-Weather Strategy ETF | -0.05 | 0.04 | — | 78 | Commodities | AMSC vs HGER | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.04 | 0.04 | 0.10 | 81 | Commodities | AMSC vs FTGC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.03 | — | — | 87 | Commodities | AMSC vs CERY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMSC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMSC and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.09 | 0.03 | 0.08 | 60 | Basic Materials | |
| Exxon Mobil Corporation | -0.07 | 0.04 | 0.11 | 85 | Energy | |
| Chevron Corporation | -0.07 | 0.05 | 0.12 | 83 | Energy | |
| Matador Resources Company | -0.04 | 0.14 | 0.21 | 59 | Energy | |
| Talos Energy Inc. | -0.01 | 0.12 | 0.20 | 83 | Energy |
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