Looking to diversify beyond AMZZ? The ETFs below have the lowest correlation with AMZZ — 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 AMZZ.
Best Diversifiers for AMZZ
609 ETFs have low correlation with AMZZ (below 0.3), 69 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.25, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.25 | -0.35 | -0.35 | 55 | Inverse Equities | AMZZ vs NFXS | |
| Tortoise North American Pipeline Fund | -0.21 | — | — | 60 | Energy Equities | AMZZ vs TPYP | |
| VanEck Energy Income ETF | -0.19 | — | — | 64 | Energy Equities | AMZZ vs EINC | |
| Alerian Energy Infrastructure ETF | -0.18 | 0.04 | 0.04 | 57 | Energy Equities | AMZZ vs ENFR | |
| Texas Capital Government Money Market ETF | -0.18 | — | — | 100 | Money Market | AMZZ vs MMKT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AMZZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AMZZ and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.36 | — | — | 72 | Technology | |
| Amazon.com, Inc | 1.00 | — | — | 54 | Consumer Cyclical |
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