Looking to diversify beyond MZZ? The ETFs below have the lowest correlation with MZZ — 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 MZZ.
Best Diversifiers for MZZ
1128 ETFs have low correlation with MZZ (below 0.3), 1102 of which are negatively correlated. The least correlated is JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE) (Small Cap Blend Equities) with a 1Y correlation of -0.98, roughly unchanged from -0.99 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Small & Mid Cap Enhanced Equity ETF | -0.98 | -0.99 | — | 67 | Small Cap Blend Equities | MZZ vs JMEE | |
| John Hancock Multifactor Mid Cap ETF | -0.97 | -0.98 | -0.98 | 53 | Mid Cap Growth Equities | MZZ vs JHMM | |
| First Trust Mid Cap Core AlphaDEX Fund | -0.97 | -0.97 | -0.98 | 51 | Mid Cap Blend Equities | MZZ vs FNX | |
| Avantis U.S. Mid Cap Equity ETF | -0.97 | -0.98 | -0.98 | 52 | Mid Cap Blend Equities | MZZ vs AVMC | |
| JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | -0.96 | -0.98 | -0.98 | 62 | Small Cap Growth Equities | MZZ vs BBMC |
See all 1128 diversifiers for MZZ
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Diversification Analysis
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