Looking to balance out your exposure to AMSC? The ETFs below have historically moved differently from AMSC, 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 AMSC
10 ETFs have low correlation with AMSC (below 0.3), 3 of which are negatively correlated. The least correlated is iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.07 | 0.00 | 0.07 | 58 | Commodities | AMSC vs COMT | |
| VanEck Commodity Strategy ETF | -0.01 | 0.01 | — | 88 | Commodities | AMSC vs PIT | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.00 | 0.14 | 0.22 | 58 | Energy Equities | AMSC vs XOP | |
| United States Commodity Index Fund | 0.00 | 0.03 | 0.09 | 84 | Commodities | AMSC vs USCI | |
| Teucrium Soybean Fund | 0.02 | 0.06 | 0.03 | 58 | Agricultural Commodities | AMSC vs SOYB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMSC, 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 Cheniere Energy, Inc. (LNG) (Energy) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cheniere Energy, Inc. | -0.12 | 0.10 | 0.12 | 57 | Energy | |
| CF Industries Holdings, Inc. | -0.12 | 0.01 | 0.06 | 72 | Basic Materials | |
| Chevron Corporation | -0.10 | 0.02 | 0.09 | 80 | Energy | |
| Exxon Mobil Corporation | -0.08 | 0.02 | 0.08 | 84 | Energy | |
| Welltower Inc. | -0.03 | 0.11 | 0.14 | 89 | Real Estate |
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