Looking to diversify beyond EZM? The ETFs below have the lowest correlation with EZM — 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 EZM.
Best Diversifiers for EZM
398 ETFs have low correlation with EZM (below 0.3), 58 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | 0.02 | 0.17 | 71 | Oil & Gas | EZM vs DBE | |
| United States Oil Fund LP | -0.22 | 0.03 | 0.16 | 66 | Oil & Gas | EZM vs USO | |
| United States Brent Oil Fund LP | -0.20 | 0.04 | 0.16 | 65 | Oil & Gas | EZM vs BNO | |
| United States 12 Month Oil Fund LP | -0.20 | 0.06 | 0.18 | 56 | Oil & Gas | EZM vs USL | |
| United States Gasoline Fund LP | -0.20 | 0.02 | 0.14 | 71 | Oil & Gas | EZM vs UGA |
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