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
1950 ETFs have low correlation with AMZD (below 0.3), 1878 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PGIM Laddered Nasdaq-100 Buffer 12 ETF | -0.64 | — | — | 88 | Defined Outcome, Nasdaq-100 | AMZD vs PBQQ | |
| Innovator Nasdaq-100 Managed Floor ETF | -0.64 | — | — | 54 | Nasdaq-100, Options Trading | AMZD vs QFLR | |
| Fidelity Nasdaq Composite Index ETF | -0.63 | -0.71 | -0.73 | 54 | Large Cap Growth Equities | AMZD vs ONEQ | |
| Pacer MSCI World Industry Advantage ETF | -0.63 | -0.66 | -0.66 | 57 | Global Equities | AMZD vs GLBL | |
| FT Vest Laddered Nasdaq Buffer ETF | -0.63 | -0.69 | -0.72 | 79 | Nasdaq-100, Options Trading | AMZD vs BUFQ |
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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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