Looking to balance out your exposure to AMZN? The ETFs below have historically moved differently from AMZN, 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 AMZN
129 ETFs have low correlation with AMZN (below 0.3), 29 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.19, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.19 | -0.02 | 0.08 | 75 | Energy Equities | AMZN vs XLE | |
| Global X MLP & Energy Infrastructure ETF | -0.18 | 0.06 | 0.19 | 69 | Infrastructure Equities, MLPs | AMZN vs MLPX | |
| Vanguard Energy ETF | -0.18 | -0.01 | 0.09 | 76 | Energy Equities | AMZN vs VDE | |
| ProShares Ultra Energy | -0.17 | -0.01 | 0.09 | 70 | Leveraged Equities | AMZN vs DIG | |
| iShares Global Energy ETF | -0.16 | 0.01 | 0.10 | 81 | Energy Equities | AMZN vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMZN, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.31, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.31 | -0.23 | -0.07 | 56 | Utilities | |
| Duke Energy Corporation | -0.24 | -0.17 | -0.03 | 52 | Utilities | |
| ONEOK, Inc. | -0.23 | 0.01 | 0.16 | 64 | Energy | |
| Cheniere Energy, Inc. | -0.23 | -0.05 | 0.05 | 53 | Energy | |
| Exxon Mobil Corporation | -0.22 | -0.08 | 0.02 | 85 | Energy |
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