Looking to diversify beyond AMZD? The ETFs below have historically moved differently from AMZD, 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 AMZD
2233 ETFs have low correlation with AMZD (below 0.3), 2113 of which are negatively correlated. The least correlated is Bridges Capital Tactical ETF (BDGS) (Tactical Allocation) with a 1Y correlation of -0.68, roughly unchanged from -0.62 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bridges Capital Tactical ETF | -0.68 | -0.62 | — | 64 | Tactical Allocation | AMZD vs BDGS | |
| Hartford US Quality Growth ETF | -0.65 | — | — | 55 | Quality Factor, Large Cap Growth Equities | AMZD vs HQGO | |
| SGI Enhanced Market Leaders ETF | -0.64 | -0.60 | -0.60 | 59 | Derivative Income | AMZD vs LDRX | |
| iShares S&P 100 ETF | -0.64 | -0.69 | — | 55 | Large Cap Blend Equities | AMZD vs OEF | |
| Vanguard ESG U.S. Stock ETF | -0.64 | -0.67 | -0.68 | 53 | Large Cap Blend Equities, ESG | AMZD vs ESGV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMZD, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -1.00 | -1.00 | — | 60 | Consumer Cyclical |
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