Looking to balance out your exposure to AZZ? The ETFs below have the lowest correlation with AZZ — they tend to move on their own, which can help reduce risk when AZZ drops. The stock ideas table highlights individual companies that behave independently from AZZ.
No Diversifiers Found for AZZ
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 AZZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AZZ and solid risk/return profiles. The least correlated is Incyte Corporation (INCY) (Healthcare) with a 1Y correlation of 0.20, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Incyte Corporation | 0.20 | 0.18 | 0.21 | 77 | Healthcare | |
| PTC Therapeutics, Inc. | 0.24 | 0.25 | 0.25 | 66 | Healthcare | |
| GigaCloud Technology Inc | 0.25 | 0.25 | — | 75 | Technology | |
| Novavax, Inc. | 0.26 | 0.28 | 0.23 | 61 | Healthcare | |
| NetApp, Inc. | 0.28 | 0.37 | 0.42 | 85 | Technology |
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