Looking to diversify beyond AGZ? The ETFs below have the lowest correlation with AGZ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from AGZ.
Best Diversifiers for AGZ
1761 ETFs have low correlation with AGZ (below 0.3), 118 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.50 | -0.51 | 61 | Leveraged Currency | AGZ vs YCS | |
| United States Gasoline Fund LP | -0.39 | -0.23 | -0.15 | 69 | Oil & Gas | AGZ vs UGA | |
| Invesco DB Energy Fund | -0.39 | -0.23 | -0.15 | 71 | Oil & Gas | AGZ vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.39 | — | — | 56 | Derivative Income | AGZ vs USOY | |
| Invesco DB Oil Fund | -0.38 | -0.22 | -0.15 | 65 | Oil & Gas | AGZ vs DBO |
See all 2116 diversifiers for AGZ
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Diversification Analysis
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