Looking to diversify beyond AMZY? The ETFs below have historically moved differently from AMZY, 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 AMZY
785 ETFs have low correlation with AMZY (below 0.3), 122 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, 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 | -0.32 | -0.27 | — | 51 | Cryptocurrency | AMZY vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.32 | — | — | 69 | Derivative Income | AMZY vs WNTR | |
| Tortoise North American Pipeline Fund | -0.25 | 0.01 | — | 75 | Energy Equities | AMZY vs TPYP | |
| Pacer American Energy Independence ETF | -0.23 | 0.04 | 0.05 | 51 | Energy Equities | AMZY vs USAI | |
| VanEck Energy Income ETF | -0.23 | 0.05 | 0.05 | 79 | Energy Equities | AMZY vs EINC |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for AMZY, 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 Enbridge Inc. (ENB) (Energy) with a 1Y correlation of -0.21, down from -0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enbridge Inc. | -0.21 | -0.01 | — | 82 | Energy | |
| Altria Group, Inc. | -0.20 | -0.10 | — | 66 | Consumer Defensive | |
| Realty Income Corporation | -0.18 | -0.12 | — | 74 | Real Estate | |
| Enterprise Products Partners L.P. | -0.13 | 0.03 | — | 89 | Energy | |
| Energy Transfer LP | -0.10 | 0.12 | — | 82 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements AMZY
Add AMZY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with AMZY