Looking to diversify beyond AMZA? The ETFs below have historically moved differently from AMZA, 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 AMZA
2087 ETFs have low correlation with AMZA (below 0.3), 1292 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2034 Municipal Bond ETF | -0.26 | — | — | 64 | Municipal Bonds | AMZA vs BSMY | |
| Eaton Vance Intermediate Municipal Income ETF | -0.23 | — | — | 76 | Municipal Bonds | AMZA vs EVIM | |
| State Street Ultra Short Term Bond ETF | -0.22 | -0.06 | -0.03 | 99 | Ultrashort Bond | AMZA vs ULST | |
| Roundhill Weekly T-Bill ETF | -0.22 | — | — | 99 | Ultrashort Bond | AMZA vs WEEK | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.22 | -0.06 | — | 65 | Municipal Bonds | AMZA vs BSMW |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMZA, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.15, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.15 | 0.10 | 0.19 | 99 | Technology | |
| BlackRock Science and Technology Term Trust | -0.14 | 0.16 | 0.27 | 87 | Financial Services | |
| NVIDIA Corporation | -0.12 | 0.09 | 0.20 | 56 | Technology | |
| Sprott Physical Gold Trust | -0.07 | 0.07 | 0.12 | 64 | Financial Services | |
| Advanced Micro Devices, Inc. | -0.07 | 0.09 | 0.19 | 94 | Technology |
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