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
232 ETFs have low correlation with AZO (below 0.3), 35 of which are negatively correlated. The least correlated is First Trust Nasdaq Semiconductor ETF (FTXL) (Semiconductors) with a 1Y correlation of -0.12, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Semiconductor ETF | -0.12 | 0.02 | 0.13 | 96 | Semiconductors, Technology Equities | AZO vs FTXL | |
| iMGP DBi Managed Futures Strategy ETF | -0.11 | -0.01 | -0.01 | 76 | Systematic Trend | AZO vs DBMF | |
| iShares MSCI South Korea ETF | -0.11 | 0.04 | 0.11 | 93 | Asia Pacific Equities | AZO vs EWY | |
| iShares Semiconductor ETF | -0.11 | 0.02 | 0.14 | 95 | Semiconductors, Technology Equities | AZO vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.11 | 0.02 | 0.14 | 96 | Leveraged Equities, Semiconductors | AZO vs SOXL |
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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 AST SpaceMobile, Inc. (ASTS) (Technology) with a 1Y correlation of -0.18, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AST SpaceMobile, Inc. | -0.18 | -0.04 | 0.01 | 56 | Technology | |
| Rocket Lab USA, Inc. | -0.16 | -0.01 | 0.04 | 84 | Industrials | |
| Advanced Micro Devices, Inc. | -0.15 | 0.01 | 0.11 | 96 | Technology | |
| Apache Corporation | -0.14 | 0.00 | 0.07 | 86 | Energy | |
| ConocoPhillips Company | -0.13 | -0.01 | 0.06 | 65 | Energy |
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Build a portfolio that complements AZO
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