Looking to balance out your exposure to AMX? The ETFs below have the lowest correlation with AMX — they tend to move on their own, which can help reduce risk when AMX drops. The stock ideas table highlights individual companies that behave independently from AMX.
Best Diversifiers for AMX
2 ETFs have low correlation with AMX (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.24, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.24 | 0.23 | 0.25 | 53 | Nasdaq-100 | AMX vs QQQ | |
| Vanguard S&P 500 ETF | 0.25 | 0.28 | 0.29 | 66 | S&P 500 | AMX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMX and solid risk/return profiles. The least correlated is Visa Inc. (V) (Financial Services) with a 1Y correlation of -0.04, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | -0.04 | 0.07 | 0.14 | 50 | Financial Services | |
| JPMorgan Chase & Co. | 0.08 | 0.16 | 0.19 | 71 | Financial Services | |
| Verizon Communications Inc. | 0.09 | 0.19 | 0.19 | 61 | Communication Services | |
| Silicon Laboratories Inc. | 0.10 | 0.18 | 0.21 | 85 | Technology | |
| Cisco Systems, Inc. | 0.10 | 0.17 | 0.21 | 91 | Technology |
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