Looking to diversify beyond AUMI? The ETFs below have historically moved differently from AUMI, 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 AUMI
693 ETFs have low correlation with AUMI (below 0.3), 77 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | — | — | 61 | Cryptocurrency | AUMI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | AUMI vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 52 | Inverse Equities | AUMI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.31 | — | — | 61 | Inverse Equities, Leveraged Equities | AUMI vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 75 | Derivative Income | AUMI vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AUMI, 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 Rivian Automotive, Inc. (RIVN) (Consumer Cyclical) with a 1Y correlation of 0.20, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rivian Automotive, Inc. | 0.20 | 0.15 | 0.15 | 56 | Consumer Cyclical | |
| Impala Platinum Holdings Limited ADR | 0.74 | 0.59 | 0.59 | 55 | Basic Materials | |
| Alamos Gold Inc. | 0.86 | — | — | 53 | Basic Materials | |
| Pan American Silver Corp. | 0.88 | — | — | 75 | Basic Materials | |
| Agnico Eagle Mines Limited | 0.89 | — | — | 56 | Basic Materials |
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