Looking to balance out your exposure to BRZE? The ETFs below have historically moved differently from BRZE, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for BRZE
4 ETFs have low correlation with BRZE (below 0.3), 2 of which are negatively correlated. The least correlated is Convergence Long/Short Equity ETF (CLSE) (Long-Short) with a 1Y correlation of -0.03, down from 0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Convergence Long/Short Equity ETF | -0.03 | 0.22 | — | 96 | Long-Short, Actively Managed | BRZE vs CLSE | |
| VanEck Semiconductor ETF | -0.02 | 0.28 | — | 87 | Semiconductors, Technology Equities | BRZE vs SMH | |
| Vanguard S&P 500 ETF | 0.21 | 0.43 | — | 68 | S&P 500 | BRZE vs VOO | |
| ProShares Ultra S&P500 | 0.21 | 0.43 | 0.50 | 54 | Leveraged Equities, S&P 500 | BRZE vs SSO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for BRZE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | 0.21 | — | 56 | Technology | |
| Broadcom Inc. | -0.02 | 0.23 | 0.32 | 67 | Technology | |
| Taseko Mines Limited | -0.00 | 0.19 | 0.21 | 87 | Basic Materials | |
| Berkshire Hathaway Inc. | 0.04 | 0.15 | 0.22 | 61 | Financial Services | |
| Baidu, Inc. | 0.05 | 0.14 | 0.26 | 61 | Communication Services |
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