Looking to balance out your exposure to AZ? The ETFs below have the lowest correlation with AZ — they tend to move on their own, which can help reduce risk when AZ drops. The stock ideas table highlights individual companies that behave independently from AZ.
No Diversifiers Found for AZ
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AZ and solid risk/return profiles. The least correlated is MPLX LP (MPLX) (Energy) with a 1Y correlation of 0.10, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MPLX LP | 0.10 | 0.08 | 0.09 | 82 | Energy | |
| SentinelOne, Inc. | 0.20 | 0.19 | 0.15 | 51 | Technology |
Build a portfolio that complements AZ
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