Looking to balance out your exposure to BRZE? The ETFs below have the lowest correlation with BRZE — they tend to move on their own, which can help reduce risk when BRZE drops. The stock ideas table highlights individual companies that behave independently from BRZE.
Best Diversifiers for BRZE
5 ETFs have low correlation with BRZE (below 0.3), 0 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of 0.02, down from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | 0.02 | 0.25 | — | 95 | Long-Short | BRZE vs CLSE | |
| VanEck Semiconductor ETF | 0.09 | 0.33 | — | 96 | Semiconductors, Technology Equities | BRZE vs SMH | |
| Vanguard S&P 500 ETF | 0.26 | 0.46 | — | 70 | S&P 500 | BRZE vs VOO | |
| ProShares Ultra S&P500 | 0.27 | 0.46 | — | 62 | Leveraged Equities, S&P 500 | BRZE vs SSO | |
| Invesco QQQ ETF | 0.27 | 0.46 | — | 73 | Nasdaq-100 | BRZE vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BRZE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BRZE and solid risk/return profiles. The least correlated is Taseko Mines Limited (TGB) (Basic Materials) with a 1Y correlation of -0.02, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taseko Mines Limited | -0.02 | 0.20 | 0.22 | 93 | Basic Materials | |
| NVIDIA Corporation | -0.00 | 0.24 | — | 78 | Technology | |
| Baidu, Inc. | 0.09 | 0.17 | — | 72 | Communication Services | |
| Broadcom Inc. | 0.10 | 0.29 | — | 84 | Technology | |
| Apple Inc | 0.10 | 0.28 | — | 89 | Technology |
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