Looking to diversify beyond AMZW? The ETFs below have the lowest correlation with AMZW — 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 AMZW.
Best Diversifiers for AMZW
786 ETFs have low correlation with AMZW (below 0.3), 103 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | — | — | 52 | Cryptocurrency | AMZW vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 63 | Inverse Equities | AMZW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 70 | Inverse Equities, Leveraged Equities | AMZW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 73 | Derivative Income | AMZW vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.29 | — | — | 57 | Inverse Equities | AMZW vs NFXS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMZW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMZW and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.17 | — | — | 84 | Industrials | |
| Sterling Infrastructure, Inc. | 0.20 | — | — | 91 | Industrials | |
| Tesla, Inc. | 0.32 | — | — | 59 | Consumer Cyclical | |
| NVIDIA Corporation | 0.33 | — | — | 63 | Technology | |
| Amazon.com, Inc | 0.99 | — | — | 56 | Consumer Cyclical |
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