Looking to balance out your exposure to AMT? The ETFs below have historically moved differently from AMT, 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 AMT
286 ETFs have low correlation with AMT (below 0.3), 174 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.28, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.28 | -0.16 | 0.05 | 58 | Leveraged Equities, Semiconductors | AMT vs USD | |
| Direxion Daily MU Bull 2X Shares | -0.28 | — | — | 98 | Leveraged Equities, Semiconductors | AMT vs MUU | |
| iShares U.S. Technology ETF | -0.27 | -0.11 | 0.12 | 61 | Technology Equities | AMT vs IYW | |
| State Street Technology Select Sector SPDR ETF | -0.27 | -0.09 | 0.13 | 62 | Technology Equities | AMT vs XLK | |
| VanEck Fabless Semiconductor ETF | -0.26 | — | — | 68 | Semiconductors, Technology Equities | AMT vs SMHX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMT, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.26, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.26 | -0.13 | 0.01 | 99 | Technology | |
| Credo Technology Group Holding Ltd | -0.25 | -0.18 | — | 77 | Technology | |
| Intel Corporation | -0.25 | -0.03 | 0.10 | 98 | Technology | |
| Vertiv Holdings Co. | -0.25 | -0.14 | 0.05 | 81 | Industrials | |
| Marvell Technology, Inc. | -0.25 | -0.13 | 0.05 | 90 | Technology |
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