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
714 ETFs have low correlation with AMZP (below 0.3), 109 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Tortoise North American Pipeline Fund | -0.22 | — | — | 52 | Energy Equities | AMZP vs TPYP | |
| VanEck Energy Income ETF | -0.22 | 0.04 | 0.04 | 58 | Energy Equities | AMZP vs EINC | |
| Alerian Energy Infrastructure ETF | -0.20 | 0.05 | 0.05 | 54 | Energy Equities | AMZP vs ENFR | |
| USCF Midstream Energy Income Fund ETF | -0.19 | 0.05 | 0.05 | 55 | Energy Equities | AMZP vs UMI | |
| Invesco DB Energy Fund | -0.18 | — | — | 71 | Oil & Gas | AMZP vs DBE |
To view more results, upgrade your current subscription plan.
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. The least correlated is Reaves Utility Income Trust (UTG) (Financial Services) with a 1Y correlation of 0.15, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Reaves Utility Income Trust | 0.15 | 0.13 | 0.13 | 79 | Financial Services | |
| Amazon.com, Inc | 0.98 | — | — | 63 | Consumer Cyclical |
Build a portfolio that complements AMZP
Add AMZP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMZP