Looking to diversify beyond BZQ? The ETFs below have historically moved differently from BZQ, 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 BZQ
2232 ETFs have low correlation with BZQ (below 0.3), 2189 of which are negatively correlated. The least correlated is iShares MSCI Brazil ETF (EWZ) (Latin America Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Brazil ETF | -1.00 | -1.00 | -1.00 | 68 | Latin America Equities | BZQ vs EWZ | |
| Direxion Daily Brazil Bull 2X Shares | -0.99 | -0.99 | -1.00 | 65 | Leveraged Equities | BZQ vs BRZU | |
| ProShares Ultra MSCI Brazil | -0.98 | -0.99 | -0.99 | 64 | Leveraged Equities | BZQ vs UBR | |
| Franklin FTSE Brazil ETF | -0.97 | -0.98 | -0.98 | 73 | Latin America Equities | BZQ vs FLBR | |
| Global X Brazil Active ETF | -0.97 | — | — | 65 | Latin America Equities | BZQ vs BRAZ |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BZQ
Add BZQ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BZQ