Looking to diversify beyond HZEN? The ETFs below have the lowest correlation with HZEN — 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 HZEN.
Best Diversifiers for HZEN
1 ETFs have low correlation with HZEN (below 0.3), 1 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.50, down from -0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.50 | -0.36 | — | 53 | Cryptocurrency | HZEN vs BITI | |
| Grayscale Zcash Trust (ZEC) | 0.54 | 0.42 | — | 95 | Cryptocurrency | HZEN vs ZCSH |
Diversification Analysis
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