Looking to diversify beyond AMZD? The ETFs below have the lowest correlation with AMZD — 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 AMZD.
Best Diversifiers for AMZD
2044 ETFs have low correlation with AMZD (below 0.3), 1949 of which are negatively correlated. The least correlated is Bridges Capital Tactical ETF (BDGS) (Large Cap Blend Equities) with a 1Y correlation of -0.65, roughly unchanged from -0.61 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | -0.65 | -0.61 | — | 76 | Large Cap Blend Equities | AMZD vs BDGS | |
| Hartford US Quality Growth ETF | -0.63 | — | — | 54 | Large Cap Growth Equities | AMZD vs HQGO | |
| Amplify CWP Growth & Income ETF | -0.62 | — | — | 55 | Derivative Income | AMZD vs QDVO | |
| AllianzIM Buffer20 Allocation ETF | -0.62 | — | — | 91 | Defined Outcome | AMZD vs SPBW | |
| iShares S&P 100 ETF | -0.62 | -0.69 | — | 57 | Large Cap Blend Equities | AMZD vs OEF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMZD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMZD and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -1.00 | -1.00 | — | 54 | Consumer Cyclical |
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