Looking to diversify beyond CZAR? The ETFs below have the lowest correlation with CZAR — 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 CZAR.
Best Diversifiers for CZAR
387 ETFs have low correlation with CZAR (below 0.3), 54 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.39 | -0.39 | -0.39 | 99 | Leveraged Equities, Semiconductors | CZAR vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 60 | Inverse Equities, Leveraged Equities | CZAR vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | -0.34 | -0.34 | 53 | Inverse Equities | CZAR vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.29 | — | — | 65 | Derivative Income | CZAR vs WNTR | |
| ProShares UltraShort Yen | -0.28 | -0.18 | -0.18 | 75 | Leveraged Currency | CZAR vs YCS |
See all 2059 diversifiers for CZAR
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