Looking to diversify beyond BIZD? The ETFs below have the lowest correlation with BIZD — 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 BIZD.
Best Diversifiers for BIZD
793 ETFs have low correlation with BIZD (below 0.3), 67 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.35, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | -0.33 | -0.33 | 68 | Inverse Equities, Leveraged Equities | BIZD vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | BIZD vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | -0.33 | -0.33 | 60 | Inverse Equities | BIZD vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | BIZD vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | -0.26 | -0.29 | 57 | Cryptocurrency | BIZD vs BITI |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BIZD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BIZD and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | -0.14 | 0.11 | 0.19 | 93 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | 0.07 | 0.14 | 66 | Utilities | |
| The Coca-Cola Company | -0.08 | 0.07 | 0.19 | 83 | Consumer Defensive | |
| Walmart Inc. | -0.08 | 0.03 | 0.12 | 71 | Consumer Defensive | |
| The Southern Company | -0.07 | 0.08 | 0.15 | 58 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BIZD
Add BIZD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BIZD