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
768 ETFs have low correlation with AMZZ (below 0.3), 106 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 | AMZZ vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | — | — | 73 | Derivative Income | AMZZ vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 63 | Inverse Equities | AMZZ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 70 | Inverse Equities, Leveraged Equities | AMZZ vs MSTZ | |
| Direxion Daily NFLX Bear 1X Shares | -0.28 | — | — | 57 | Inverse Equities | AMZZ vs NFXS |
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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 | 0.33 | — | — | 63 | Technology | |
| Tesla, Inc. | 0.33 | — | — | 59 | Consumer Cyclical | |
| Amazon.com, Inc | 1.00 | — | — | 56 | Consumer Cyclical |
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