Looking to diversify beyond AMYY? The ETFs below have historically moved differently from AMYY, 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 AMYY
611 ETFs have low correlation with AMYY (below 0.3), 97 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.45 | -0.45 | 55 | Cryptocurrency, Leveraged Cryptocurrency | AMYY vs SBIT | |
| Alerian MLP ETF | -0.16 | -0.16 | -0.16 | 66 | MLPs | AMYY vs AMLP | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.15 | -0.15 | -0.15 | 92 | Large Cap Value Equities, Dividend | AMYY vs FDL | |
| SEI Enhanced Low Volatility US Large Cap ETF | -0.15 | -0.15 | -0.15 | 60 | Low Volatility | AMYY vs SELV | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.11 | -0.11 | 100 | Government Bonds, Ultrashort Bond | AMYY vs USFR |
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