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
343 ETFs have low correlation with EZA (below 0.3), 58 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.55, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.55 | -0.51 | -0.52 | 51 | Currency | EZA vs UUP | |
| ProShares UltraShort Yen | -0.35 | -0.28 | -0.26 | 72 | Leveraged Currency | EZA vs YCS | |
| ProShares Short Bitcoin ETF | -0.31 | -0.23 | -0.25 | 57 | Cryptocurrency | EZA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | EZA vs SBIT | |
| Invesco DB Energy Fund | -0.29 | -0.04 | 0.09 | 53 | Oil & Gas | EZA vs DBE |
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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 | 0.28 | 0.33 | 65 | Technology | |
| WisdomTree Inc. | 0.37 | 0.26 | 0.29 | 78 | Financial Services |
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