Looking to balance out your exposure to AMZ.DE? The ETFs below have the lowest correlation with AMZ.DE — they tend to move on their own, which can help reduce risk when AMZ.DE drops. The stock ideas table highlights individual companies that behave independently from AMZ.DE.
Best Diversifiers for AMZ.DE
1 ETFs have low correlation with AMZ.DE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Euro Ultrashort Bond UCITS ETF EUR Accumulating (ERNX.DE) (Ultrashort Bond) with a 1Y correlation of 0.02, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Euro Ultrashort Bond UCITS ETF EUR Accumul... | 0.02 | -0.02 | — | 94 | Ultrashort Bond | AMZ.DE vs ERNX.DE | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.53 | 0.59 | 0.62 | 70 | Global Equities | AMZ.DE vs EUNL.DE | |
| iShares MSCI ACWI UCITS ETF (Acc) | 0.54 | 0.59 | 0.62 | 76 | Global Equities | AMZ.DE vs IUSQ.DE | |
| Amundi MSCI All Country World UCITS ETF EUR Acc | 0.56 | 0.59 | 0.62 | 75 | Global Equities | AMZ.DE vs LYY0.DE | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.57 | 0.63 | 0.64 | 69 | S&P 500 | AMZ.DE vs SXR8.DE |
See all 7 diversifiers for AMZ.DE
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