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
1887 ETFs have low correlation with ATMP (below 0.3), 1030 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.26, 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 | -0.26 | -0.05 | — | 99 | Ultrashort Bond | ATMP vs BKUI | |
| iShares iBonds Dec 2031 Term Muni Bond ETF | -0.20 | — | — | 54 | Municipal Bonds | ATMP vs IBMT | |
| Roundhill Weekly T-Bill ETF | -0.19 | — | — | 99 | Ultrashort Bond | ATMP vs WEEK | |
| IQ MacKay Municipal Insured ETF | -0.19 | 0.00 | -0.01 | 73 | Municipal Bonds | ATMP vs MMIN | |
| Vanguard Tax-Exempt Bond ETF | -0.19 | 0.04 | 0.02 | 72 | 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.09, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.09 | 0.12 | 0.22 | 72 | Technology | |
| Broadcom Inc. | -0.07 | 0.12 | 0.21 | 72 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.06 | 0.13 | 0.22 | 93 | Technology | |
| AppLovin Corporation | -0.02 | 0.17 | 0.22 | 60 | Communication Services | |
| Okta, Inc. | -0.02 | 0.14 | 0.17 | 55 | Technology |
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