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
230 ETFs have low correlation with AMT (below 0.3), 94 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.23, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.23 | -0.13 | 0.07 | 82 | Leveraged Equities, Semiconductors | AMT vs USD | |
| iShares U.S. Technology ETF | -0.20 | -0.08 | 0.15 | 59 | Technology Equities | AMT vs IYW | |
| State Street Technology Select Sector SPDR ETF | -0.18 | -0.06 | 0.16 | 66 | Technology Equities | AMT vs XLK | |
| Fidelity MSCI Information Technology Index ETF | -0.18 | -0.06 | 0.16 | 60 | Technology Equities | AMT vs FTEC | |
| Vanguard Information Technology ETF | -0.17 | -0.06 | 0.17 | 58 | Technology Equities | AMT vs VGT |
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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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.20, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.20 | -0.12 | -0.01 | 88 | Technology | |
| Broadcom Inc. | -0.20 | -0.13 | 0.06 | 72 | Technology | |
| NVIDIA Corporation | -0.20 | -0.13 | 0.07 | 72 | Technology | |
| Micron Technology, Inc. | -0.19 | -0.10 | 0.03 | 99 | Technology | |
| Marvell Technology, Inc. | -0.16 | -0.09 | 0.09 | 96 | Technology |
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Build a portfolio that complements AMT
Add AMT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMT