Looking to diversify beyond CZA? The ETFs below have historically moved differently from CZA, 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 CZA
406 ETFs have low correlation with CZA (below 0.3), 57 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.13 | 0.06 | 72 | Oil & Gas | CZA vs DBE | |
| United States Oil Fund LP | -0.29 | -0.12 | 0.06 | 55 | Oil & Gas | CZA vs USO | |
| United States Brent Oil Fund LP | -0.29 | -0.11 | 0.05 | 52 | Oil & Gas | CZA vs BNO | |
| Invesco DB Oil Fund | -0.28 | -0.11 | 0.07 | 58 | Oil & Gas | CZA vs DBO | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.08 | — | 56 | Options Trading | CZA vs CAOS |
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