Looking to diversify beyond EATZ? The ETFs below have the lowest correlation with EATZ — 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 EATZ.
Best Diversifiers for EATZ
636 ETFs have low correlation with EATZ (below 0.3), 60 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.27, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.27 | -0.30 | -0.34 | 57 | Cryptocurrency | EATZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EATZ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 68 | Inverse Equities, Leveraged Equities | EATZ vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | — | — | 60 | Inverse Equities | EATZ vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | — | — | 70 | Derivative Income | EATZ vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EATZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EATZ and solid risk/return profiles. The least correlated is YUM! Brands, Inc. (YUM) (Consumer Cyclical) with a 1Y correlation of 0.40, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| YUM! Brands, Inc. | 0.40 | 0.41 | 0.49 | 59 | Consumer Cyclical | |
| Brinker International, Inc. | 0.53 | 0.63 | 0.67 | 55 | Consumer Cyclical |
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