, Inc. (AMZN) dominates retail, has diversified businesses, relentless innovation, consistent top-line growth, newfound profitability, strong cash flow, a healthy balance sheet and impressive stock appreciation. On the other hand, AMZN is trading at 307 times earnings, which means any bad news that surprises could lead to a sudden free fall. This has been a prominent fear for many years throughout the investment community, but it hasn’t come to fruition. (For more, see: Is Amazon Taking Other Retailers' Shares?)

All of this can lead to investor confusion. You want to invest in AMZN, but don’t want to end up being a bag holder that entered the trade right before the fall.

Instead of investing directly in AMZN, you can invest in an exchange-traded-fund (ETF) that has the stock as one of its top holdings. This approach will not protect you in the event that AMZN crashes, but it will help limit any potential losses because you will be diversified. The five ETFs below all have AMZN as their top holding. If you’re interesting in taking a diversified investing approach to AMZN, then strongly consider perusing all of the facts and numbers below in order to determine the best fit for your investing goals. (For more, see: Is Amazon Going to Be Worth $6,000 Per Share?)

ETFs With Amazon Exposure

VanEck Vectors Retail ETF (RTH)

Amazon Weighting: 15.13%

Tracks: Price and yield of Market Vectors U.S. Listed Retail 25 Index.

Net Assets: $129.38 million

Average Daily Trading Volume (3 months): 31,941

Expense Ratio: 0.35%

1 Year Performance: 3.63%

Inception Date: December 20, 2011

Performance Since Inception Date: 147.70%

SPDR Consumer Discretionary Select Sector Fund (XLY)

Amazon Weighting: 12.39%

Tracks: Price and yield of the Consumer Discretionary Select Sector Index.

Net Assets: $9.65 billion

Average Daily Trading Volume (3 months): 5.8 million

Expense Ratio: 0.15%

1 Year Performance: 3.80%

Inception Date: December 16, 1998

Performance Since Inception Date: 208.59%

Dividend Yield: 1.55%

First Trust DJ Internet Index Fund (FDN)

Amazon Weighting: 10.04%

Tracks: Price and yield of Dow Jones Internet Composite Index.

Net Assets: $3.07 billion

Average Daily Trading Volume (3 months): 432,000

Expense Ratio: 0.54%

1 Year Performance: 9.67%

Inception Date: June 19, 2006

Performance Since Inception Date: 248.89%

Dividend Yield: N/A

Fidelity MSCI Consumer Discretionary Index ETF (FDIS)

Amazon Weighting: 9.95%

Tracks: Price and yield of the MSCI USA IMI Consumer Discretionary Index.

Net Assets: $222.66 million

Average Daily Trading Volume (3 months): 79,000

Expense Ratio: 0.12%

1 Year Performance: 0.45%

Inception Date: October 12, 2013

Performance Since Inception Date: 22.84%

Dividend Yield: 1.46%

Vanguard Consumer Discretionary ETF (VCR)

Amazon Weighting: 9.90%

Tracks: Price and yield of the MSCI U.S. Investable Market Index/Consumer Discretionary 25/50.

Net Assets: $1.94 billion

Average Daily Trading Volume (3 months): 78,000

Expense Ratio: 0.10%

1 Year Performance: -0.13%

Inception Date: January 26, 2004

Performance Since Inception Date: 158.92%

Dividend Yield: 2.04%

The Bottom Line

Amazon is one of the strongest companies on the planet. It’s healthy in every regard and it continues to steal market share from its peers, sometimes to the extent of putting those peers out of business. If you were to ignore the multiple and global economic risks, then it would be a no brainer. Since those are factors, anyone who wants exposure to AMZN might want to consider a more diversified approach via one of the ETFs listed above. (For more, see: Are Amazon Profits Here to Stay?

Dan Moskowitz does not have any positions in AMZN, RTH, XLY, FDN, FDIS or VCR.