Looking to diversify beyond ATMP? The ETFs below have the lowest correlation with ATMP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ATMP.
Best Diversifiers for ATMP
1950 ETFs have low correlation with ATMP (below 0.3), 1282 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.25, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.25 | -0.05 | — | 99 | Ultrashort Bond | ATMP vs BKUI | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.24 | -0.04 | -0.04 | 76 | Municipal Bonds | ATMP vs BSMY | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | -0.21 | -0.02 | -0.01 | 86 | Municipal Bonds | ATMP vs RVNU | |
| Eaton Vance Intermediate Municipal Income ETF | -0.21 | -0.01 | -0.01 | 79 | Municipal Bonds | ATMP vs EVIM | |
| Vanguard Tax-Exempt Bond ETF | -0.21 | 0.03 | 0.02 | 80 | Municipal Bonds | ATMP vs VTEB |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ATMP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ATMP and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.14 | 0.09 | 0.19 | 71 | Technology | |
| NVIDIA Corporation | -0.13 | 0.11 | 0.21 | 65 | Technology | |
| Shopify Inc. | -0.12 | 0.12 | 0.20 | 52 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.11 | 0.12 | 0.21 | 92 | Technology | |
| AppLovin Corporation | -0.06 | 0.16 | 0.21 | 60 | Communication Services |
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