Looking to diversify beyond NZAC? The ETFs below have the lowest correlation with NZAC — 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 NZAC.
Best Diversifiers for NZAC
158 ETFs have low correlation with NZAC (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.48, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.48 | -0.38 | -0.39 | 57 | Cryptocurrency | NZAC vs BITI | |
| Invesco DB Energy Fund | -0.32 | -0.10 | 0.06 | 53 | Oil & Gas | NZAC vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 98 | Inflation-Protected Bonds | NZAC vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.00 | 0.13 | 51 | Commodities | NZAC vs GSG | |
| Alerian Energy Infrastructure ETF | -0.17 | 0.23 | 0.40 | 77 | Energy Equities | NZAC vs ENFR |
See all 1153 diversifiers for NZAC
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