Looking to diversify beyond AMZU? The ETFs below have the lowest correlation with AMZU — 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 AMZU.
Best Diversifiers for AMZU
705 ETFs have low correlation with AMZU (below 0.3), 100 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 -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.27 | -0.28 | 57 | Cryptocurrency | AMZU vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | AMZU vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | AMZU vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 60 | Inverse Equities | AMZU vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 70 | Derivative Income | AMZU vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMZU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMZU and solid risk/return profiles. The least correlated is Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of 0.26, roughly unchanged from 0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | 0.26 | 0.31 | — | 77 | Industrials | |
| Amazon.com, Inc | 1.00 | 1.00 | — | 54 | Consumer Cyclical |
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