Looking to diversify beyond AMZW? The ETFs below have historically moved differently from AMZW, 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 AMZW
711 ETFs have low correlation with AMZW (below 0.3), 94 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 58 | Derivative Income | AMZW vs WNTR | |
| Tortoise North American Pipeline Fund | -0.22 | — | — | 61 | Energy Equities | AMZW vs TPYP | |
| VanEck Energy Income ETF | -0.21 | — | — | 67 | Energy Equities | AMZW vs EINC | |
| USCF Midstream Energy Income Fund ETF | -0.20 | — | — | 67 | Energy Equities | AMZW vs UMI | |
| Alerian Energy Infrastructure ETF | -0.18 | — | — | 63 | Infrastructure Equities, Energy Equities | AMZW vs ENFR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMZW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Howmet Aerospace Inc. | 0.19 | — | — | 91 | Industrials | |
| Sterling Infrastructure, Inc. | 0.23 | — | — | 75 | Industrials | |
| NVIDIA Corporation | 0.35 | — | — | 63 | Technology | |
| Amazon.com, Inc | 0.99 | — | — | 68 | Consumer Cyclical |
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