Looking to diversify beyond EATZ? The ETFs below have historically moved differently from EATZ, 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 EATZ
727 ETFs have low correlation with EATZ (below 0.3), 66 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 61 | Inverse Equities, Leveraged Equities | EATZ vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.27 | -0.30 | — | 61 | Cryptocurrency | EATZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | EATZ vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.27 | — | — | 52 | Inverse Equities | EATZ vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | — | — | 75 | Derivative Income | EATZ vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for EATZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is YUM! Brands, Inc. (YUM) (Consumer Cyclical) with a 1Y correlation of 0.37, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| YUM! Brands, Inc. | 0.37 | 0.41 | 0.48 | 56 | Consumer Cyclical | |
| Texas Roadhouse, Inc. | 0.45 | 0.60 | 0.66 | 58 | Consumer Cyclical | |
| Brinker International, Inc. | 0.52 | 0.62 | 0.66 | 67 | Consumer Cyclical |
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