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
2082 ETFs have low correlation with ATMP (below 0.3), 993 of which are negatively correlated. The least correlated is BNY Mellon Ultra Short Income ETF (BKUI) (Ultrashort Bond) with a 1Y correlation of -0.27, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon Ultra Short Income ETF | -0.27 | -0.04 | — | 99 | Ultrashort Bond | ATMP vs BKUI | |
| IQ MacKay Municipal Insured ETF | -0.24 | 0.00 | -0.00 | 70 | Municipal Bonds | ATMP vs MMIN | |
| Strive Enhanced Income Short Maturity ETF | -0.22 | — | — | 97 | Ultrashort Bond | ATMP vs BUXX | |
| Franklin Short Duration U.S. Government ETF | -0.22 | -0.07 | -0.04 | 95 | Mortgage Backed Securities | ATMP vs FTSD | |
| Invesco BulletShares 2031 Municipal Bond ETF | -0.22 | 0.02 | 0.02 | 61 | Municipal Bonds | ATMP vs BSMV |
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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 -0.07, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.07 | 0.12 | 0.22 | 82 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.05 | 0.13 | 0.22 | 95 | Technology | |
| Broadcom Inc. | -0.03 | 0.12 | 0.22 | 86 | Technology | |
| AppLovin Corporation | 0.00 | 0.18 | 0.23 | 62 | Technology | |
| Okta, Inc. | 0.02 | 0.15 | 0.18 | 58 | Technology |
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Build a portfolio that complements ATMP
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