Looking to diversify beyond ATMP? The ETFs below have historically moved differently from ATMP, 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 ATMP
2101 ETFs have low correlation with ATMP (below 0.3), 1408 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 -0.07 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.25 | -0.07 | — | 99 | Ultrashort Bond | ATMP vs BKUI | |
| Invesco BulletShares 2034 Municipal Bond ETF | -0.25 | — | — | 64 | Municipal Bonds | ATMP vs BSMY | |
| Vanguard Tax-Exempt Bond ETF | -0.23 | 0.02 | 0.02 | 74 | Municipal Bonds | ATMP vs VTEB | |
| Invesco Ultra Short Duration ETF | -0.23 | -0.02 | 0.01 | 99 | Ultrashort Bond | ATMP vs GSY | |
| Invesco BulletShares 2030 Municipal Bond ETF | -0.23 | -0.02 | -0.02 | 55 | Municipal Bonds | ATMP vs BSMU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ATMP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.14 | 0.09 | 0.19 | 67 | Technology | |
| NVIDIA Corporation | -0.12 | 0.12 | 0.21 | 56 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.12 | 0.11 | 0.20 | 87 | Technology | |
| Enova International, Inc. | -0.08 | 0.23 | 0.32 | 97 | Financial Services | |
| Howmet Aerospace Inc. | -0.07 | 0.21 | 0.36 | 90 | Industrials |
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