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), 2 of which are negatively correlated. The least correlated is VanEck Commodity Strategy ETF (PIT) (Commodities) with a 1Y correlation of -0.04, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Commodity Strategy ETF | -0.04 | 0.01 | — | 72 | Commodities | AMSC vs PIT | |
| United States Commodity Index Fund | -0.01 | 0.03 | 0.09 | 67 | Commodities | AMSC vs USCI | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.01 | — | — | 70 | Commodities | AMSC vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.02 | 0.05 | 0.10 | 74 | Commodities | AMSC vs FTGC | |
| iShares Global Energy ETF | 0.02 | 0.12 | 0.18 | 58 | Energy Equities | AMSC vs IXC |
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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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.10, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.10 | 0.02 | 0.10 | 70 | Energy | |
| CF Industries Holdings, Inc. | -0.09 | 0.02 | 0.08 | 64 | Basic Materials | |
| Exxon Mobil Corporation | -0.09 | 0.02 | 0.10 | 75 | Energy | |
| Cheniere Energy, Inc. | -0.08 | 0.11 | 0.13 | 58 | Energy | |
| Welltower Inc. | -0.02 | 0.11 | 0.15 | 92 | Real Estate |
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