Looking to diversify beyond CZA? The ETFs below have the lowest correlation with CZA — 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 CZA.
Best Diversifiers for CZA
384 ETFs have low correlation with CZA (below 0.3), 47 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.25, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.25 | -0.25 | -0.25 | 99 | Leveraged Equities, Semiconductors | CZA vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | -0.26 | -0.26 | 60 | Inverse Equities, Leveraged Equities | CZA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.24 | -0.27 | -0.27 | 53 | Inverse Equities | CZA vs SMST | |
| United States Gasoline Fund LP | -0.23 | -0.08 | 0.08 | 72 | Oil & Gas | CZA vs UGA | |
| ProShares UltraShort Yen | -0.21 | -0.10 | -0.07 | 75 | Leveraged Currency | CZA vs YCS |
See all 2056 diversifiers for CZA
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Diversification Analysis
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