Looking to balance out your exposure to BLZE? The ETFs below have the lowest correlation with BLZE — they tend to move on their own, which can help reduce risk when BLZE drops. The stock ideas table highlights individual companies that behave independently from BLZE.
Best Diversifiers for BLZE
0 ETFs have low correlation with BLZE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.46, roughly unchanged from 0.41 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.46 | 0.41 | — | 74 | S&P 500 | BLZE vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BLZE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BLZE and solid risk/return profiles. The least correlated is Guardant Health, Inc. (GH) (Healthcare) with a 1Y correlation of 0.13, roughly unchanged from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Guardant Health, Inc. | 0.13 | 0.21 | — | 93 | Healthcare | |
| JPMorgan Chase & Co. | 0.15 | 0.19 | — | 66 | Financial Services | |
| Applied Digital Corporation | 0.23 | 0.23 | — | 88 | Financial Services |
Build a portfolio that complements BLZE
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