Looking to diversify beyond EZA? The ETFs below have the lowest correlation with EZA — 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 EZA.
Best Diversifiers for EZA
296 ETFs have low correlation with EZA (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.28 | -0.26 | 63 | Leveraged Currency | EZA vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.03 | 0.08 | 55 | Oil & Gas | EZA vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | -0.20 | -0.20 | 97 | Inflation-Protected Bonds | EZA vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | 0.05 | 0.05 | 98 | Inflation-Protected Bonds | EZA vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | -0.00 | -0.00 | 99 | Ultrashort Bond | EZA vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EZA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EZA and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.31, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.31 | 0.29 | 0.33 | 72 | Technology | |
| WisdomTree Inc. | 0.38 | 0.26 | 0.30 | 85 | Financial Services |
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