Looking to diversify beyond IZRL? The ETFs below have the lowest correlation with IZRL — 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 IZRL.
Best Diversifiers for IZRL
502 ETFs have low correlation with IZRL (below 0.3), 69 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | -0.44 | -0.44 | 68 | Inverse Equities, Leveraged Equities | IZRL vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | -0.44 | -0.44 | 60 | Inverse Equities | IZRL vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.44 | — | — | 70 | Derivative Income | IZRL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.44 | -0.37 | -0.37 | 57 | Cryptocurrency | IZRL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | IZRL vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IZRL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IZRL and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.40, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.40 | 0.42 | 0.52 | 63 | Consumer Cyclical |
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