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
2116 ETFs have low correlation with AMZD (below 0.3), 2003 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Innovation-100 0DTE Covered Call Strateg... | -0.65 | — | — | 78 | Derivative Income, Options Trading | AMZD vs QDTE | |
| Innovator Nasdaq-100 Managed Floor ETF | -0.64 | — | — | 74 | Nasdaq-100, Options Trading | AMZD vs QFLR | |
| Avantis U.S. Quality ETF | -0.64 | — | — | 56 | Large Cap Growth Equities | AMZD vs AVUQ | |
| YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF | -0.63 | — | — | 75 | Nasdaq-100, Derivative Income | AMZD vs QDTY | |
| PGIM Laddered Nasdaq-100 Buffer 12 ETF | -0.63 | -0.69 | -0.69 | 89 | Defined Outcome, Nasdaq-100 | AMZD vs PBQQ |
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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 | — | 60 | Consumer Cyclical |
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