Looking to balance out your exposure to AZEK? The ETFs below have the lowest correlation with AZEK — they tend to move on their own, which can help reduce risk when AZEK drops. The stock ideas table highlights individual companies that behave independently from AZEK.
Best Diversifiers for AZEK
1 ETFs have low correlation with AZEK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.08, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.08 | 0.42 | 0.52 | 62 | Nasdaq-100 | AZEK vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AZEK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AZEK and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of -0.06, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.06 | 0.26 | 0.37 | 89 | Technology | |
| JPMorgan Chase & Co. | 0.00 | 0.30 | 0.39 | 67 | Financial Services |
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