Looking to diversify beyond PIZ? The ETFs below have the lowest correlation with PIZ — 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 PIZ.
Best Diversifiers for PIZ
281 ETFs have low correlation with PIZ (below 0.3), 62 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.47, roughly unchanged from -0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.47 | -0.45 | -0.52 | 51 | Currency | PIZ vs UUP | |
| ProShares Short Bitcoin ETF | -0.42 | -0.33 | -0.35 | 57 | Cryptocurrency | PIZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.38 | -0.38 | 52 | Cryptocurrency, Leveraged Cryptocurrency | PIZ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | PIZ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | PIZ vs WNTR |
See all 1548 diversifiers for PIZ
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Diversification Analysis
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