Looking to diversify beyond AMZP? The ETFs below have the lowest correlation with AMZP — 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 AMZP.
Best Diversifiers for AMZP
723 ETFs have low correlation with AMZP (below 0.3), 99 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.28 | -0.28 | 57 | Cryptocurrency | AMZP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.31 | -0.31 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AMZP vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | AMZP vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | — | — | 60 | Inverse Equities | AMZP vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 70 | Derivative Income | AMZP vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMZP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMZP and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.20 | — | — | 57 | Communication Services | |
| PPL Corporation | -0.08 | — | — | 58 | Utilities | |
| NextEra Energy, Inc. | -0.00 | — | — | 73 | Utilities | |
| Berkshire Hathaway Inc. | 0.04 | — | — | 53 | Financial Services | |
| Laboratory Corporation of America Holdings | 0.06 | — | — | 60 | Healthcare |
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