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
257 ETFs have low correlation with AMT (below 0.3), 129 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.66, roughly unchanged from -0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.66 | -0.66 | -0.66 | 99 | Leveraged Equities, Semiconductors | AMT vs MUU | |
| ProShares Ultra Semiconductors | -0.27 | -0.14 | 0.06 | 70 | Leveraged Equities, Semiconductors | AMT vs USD | |
| iShares U.S. Technology ETF | -0.24 | -0.10 | 0.13 | 60 | Technology Equities | AMT vs IYW | |
| VanEck Fabless Semiconductor ETF | -0.24 | — | — | 82 | Semiconductors, Technology Equities | AMT vs SMHX | |
| VanEck Semiconductor ETF | -0.24 | -0.12 | 0.08 | 92 | Semiconductors, Technology Equities | AMT vs SMH |
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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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.24, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.24 | -0.13 | 0.01 | 99 | Technology | |
| Broadcom Inc. | -0.24 | -0.15 | 0.05 | 71 | Technology | |
| Credo Technology Group Holding Ltd | -0.22 | -0.16 | — | 83 | Technology | |
| Vertiv Holdings Co. | -0.22 | -0.12 | 0.06 | 93 | Industrials | |
| Marvell Technology, Inc. | -0.22 | -0.11 | 0.07 | 94 | Technology |
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Build a portfolio that complements AMT
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