Looking to diversify beyond AMZA? The ETFs below have the lowest correlation with AMZA — 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 AMZA.
Best Diversifiers for AMZA
2010 ETFs have low correlation with AMZA (below 0.3), 957 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Strive Enhanced Income Short Maturity ETF | -0.26 | — | — | 97 | Ultrashort Bond | AMZA vs BUXX | |
| Roundhill Weekly T-Bill ETF | -0.23 | — | — | 99 | Ultrashort Bond | AMZA vs WEEK | |
| Invesco BulletShares 2031 Municipal Bond ETF | -0.23 | -0.01 | — | 60 | Municipal Bonds | AMZA vs BSMV | |
| BNY Mellon Ultra Short Income ETF | -0.22 | -0.04 | — | 99 | Ultrashort Bond | AMZA vs BKUI | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.21 | 0.01 | — | 71 | Municipal Bonds | AMZA vs VTES |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMZA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMZA and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | 0.10 | 0.20 | 76 | Technology | |
| Kenon Holdings Ltd. | -0.03 | 0.06 | 0.19 | 86 | Utilities | |
| Delek Group Ltd | 0.01 | 0.05 | 0.10 | 71 | Energy | |
| Polaris Industries Inc. | 0.06 | 0.20 | 0.31 | 80 | Consumer Cyclical | |
| Canadian Utilities Limited | 0.16 | 0.15 | 0.21 | 94 | Utilities |
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