Looking to diversify beyond AMZU? The ETFs below have historically moved differently from AMZU, 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 AMZU
778 ETFs have low correlation with AMZU (below 0.3), 124 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.27 | — | 61 | Cryptocurrency | AMZU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | AMZU vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.33 | — | — | 52 | Inverse Equities | AMZU vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.33 | — | — | 61 | Inverse Equities, Leveraged Equities | AMZU vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.33 | — | — | 75 | Derivative Income | AMZU vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMZU, 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 Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of 0.29, roughly unchanged from 0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | 0.29 | 0.31 | — | 62 | Industrials | |
| Amazon.com, Inc | 1.00 | 1.00 | — | 60 | Consumer Cyclical |
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