Looking to diversify beyond BZQ? The ETFs below have the lowest correlation with BZQ — 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 BZQ.
Best Diversifiers for BZQ
2058 ETFs have low correlation with BZQ (below 0.3), 2021 of which are negatively correlated. The least correlated is Franklin FTSE Brazil ETF (FLBR) (Latin America Equities) with a 1Y correlation of -0.97, roughly unchanged from -0.98 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE Brazil ETF | -0.97 | -0.98 | -0.99 | 52 | Latin America Equities | BZQ vs FLBR | |
| iShares Latin American 40 ETF | -0.93 | -0.92 | -0.94 | 65 | Latin America Equities | BZQ vs ILF | |
| Franklin FTSE Latin America ETF | -0.93 | -0.93 | -0.95 | 59 | Latin America Equities | BZQ vs FLLA | |
| First Trust Latin America AlphaDEX Fund | -0.88 | -0.82 | -0.82 | 66 | Latin America Equities | BZQ vs FLN | |
| iShares Morningstar Multi-Asset Income ETF | -0.74 | -0.69 | -0.58 | 79 | Diversified Portfolio | BZQ vs IYLD |
See all 2058 diversifiers for BZQ
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