Looking to diversify beyond AZTD? The ETFs below have the lowest correlation with AZTD — 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 AZTD.
Best Diversifiers for AZTD
285 ETFs have low correlation with AZTD (below 0.3), 37 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.43, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.43 | -0.43 | 53 | Inverse Equities | AZTD vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.43 | -0.43 | 62 | Inverse Equities, Leveraged Equities | AZTD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | -0.43 | -0.43 | 63 | Derivative Income | AZTD vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | AZTD vs RBIL | |
| United States Gasoline Fund LP | -0.24 | -0.05 | — | 69 | Oil & Gas | AZTD vs UGA |
See all 2064 diversifiers for AZTD
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