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
372 ETFs have low correlation with EZA (below 0.3), 61 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down 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 Brent Oil Fund LP | -0.33 | -0.03 | 0.08 | 65 | Oil & Gas | EZA vs BNO | |
| United States Oil Fund LP | -0.33 | -0.03 | 0.08 | 66 | Oil & Gas | EZA vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.02 | 0.10 | 71 | Oil & Gas | EZA vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | EZA vs USOY |
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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 0.30, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.30 | 0.28 | 0.32 | 82 | Technology | |
| WisdomTree Inc. | 0.36 | 0.25 | 0.29 | 89 | Financial Services |
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