Looking to balance out your exposure to AZO? The ETFs below have the lowest correlation with AZO — they tend to move on their own, which can help reduce risk when AZO drops. The stock ideas table highlights individual companies that behave independently from AZO.
Best Diversifiers for AZO
241 ETFs have low correlation with AZO (below 0.3), 57 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VistaShares Artificial Intelligence Supercycle ETF | -0.13 | — | — | 92 | Technology Equities | AZO vs AIS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.13 | -0.10 | -0.02 | 57 | Commodities | AZO vs PDBC | |
| iShares Semiconductor ETF | -0.13 | 0.01 | 0.13 | 91 | Semiconductors, Technology Equities | AZO vs SOXX | |
| Xtrackers Semiconductor Select Equity ETF | -0.12 | 0.00 | — | 93 | Semiconductors, Technology Equities | AZO vs CHPS | |
| Invesco DB Commodity Index Tracking Fund | -0.12 | -0.10 | -0.01 | 56 | Commodities | AZO vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AZO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AZO and solid risk/return profiles. The least correlated is Rocket Lab USA, Inc. (RKLB) (Industrials) with a 1Y correlation of -0.17, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rocket Lab USA, Inc. | -0.17 | -0.00 | 0.04 | 62 | Industrials | |
| Talen Energy Corporation | -0.16 | -0.08 | -0.08 | 67 | Utilities | |
| Micron Technology, Inc. | -0.14 | -0.03 | 0.06 | 99 | Technology | |
| Lumentum Holdings Inc. | -0.13 | -0.04 | 0.05 | 98 | Technology | |
| Advanced Micro Devices, Inc. | -0.13 | -0.00 | 0.08 | 96 | Technology |
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Build a portfolio that complements AZO
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