Looking to balance out your exposure to AMT? The ETFs below have the lowest correlation with AMT — they tend to move on their own, which can help reduce risk when AMT drops. The stock ideas table highlights individual companies that behave independently from AMT.
Best Diversifiers for AMT
269 ETFs have low correlation with AMT (below 0.3), 104 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of -0.19, roughly unchanged from -0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | -0.19 | -0.11 | — | 52 | Derivative Income, Options Trading | AMT vs NVDY | |
| ProShares Ultra Semiconductors | -0.18 | -0.11 | 0.08 | 90 | Leveraged Equities, Semiconductors | AMT vs USD | |
| Fidelity MSCI Information Technology Index ETF | -0.15 | -0.04 | 0.17 | 77 | Technology Equities | AMT vs FTEC | |
| Vanguard Information Technology ETF | -0.15 | -0.04 | 0.18 | 76 | Technology Equities | AMT vs VGT | |
| State Street Technology Select Sector SPDR ETF | -0.15 | -0.04 | 0.18 | 83 | Technology Equities | AMT vs XLK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMT and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.21, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.21 | -0.13 | 0.07 | 78 | Technology | |
| Credo Technology Group Holding Ltd | -0.18 | -0.14 | — | 85 | Technology | |
| Lumentum Holdings Inc. | -0.16 | -0.06 | 0.07 | 99 | Technology | |
| Micron Technology, Inc. | -0.15 | -0.08 | 0.05 | 99 | Technology | |
| Tesla, Inc. | -0.15 | -0.02 | 0.09 | 55 | Consumer Cyclical |
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Build a portfolio that complements AMT
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