Looking to diversify beyond AMZY? The ETFs below have the lowest correlation with AMZY — 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 AMZY.
Best Diversifiers for AMZY
693 ETFs have low correlation with AMZY (below 0.3), 90 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.31 | — | — | 53 | Inverse Equities | AMZY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 60 | Inverse Equities, Leveraged Equities | AMZY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.30 | — | — | 65 | Derivative Income | AMZY vs WNTR | |
| Direxion Daily NFLX Bear 1X Shares | -0.26 | — | — | 60 | Inverse Equities | AMZY vs NFXS | |
| Tortoise North American Pipeline Fund | -0.24 | — | — | 77 | Energy Equities | AMZY vs TPYP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMZY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | — | — | 79 | Consumer Defensive | |
| Enbridge Inc. | -0.20 | — | — | 87 | Energy | |
| Realty Income Corporation | -0.17 | — | — | 72 | Real Estate | |
| Enterprise Products Partners L.P. | -0.14 | — | — | 83 | Energy | |
| Energy Transfer LP | -0.10 | 0.13 | 0.13 | 80 | Energy |
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