Looking to diversify beyond PZT? The ETFs below have the lowest correlation with PZT — 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 PZT.
Best Diversifiers for PZT
949 ETFs have low correlation with PZT (below 0.3), 41 of which are negatively correlated. The least correlated is First Trust Alternative Absolute Return Strategy ETF (FAAR) (Commodities) with a 1Y correlation of -0.27, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Alternative Absolute Return Strategy E... | -0.27 | -0.09 | -0.07 | 75 | Commodities | PZT vs FAAR | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.23 | -0.04 | -0.02 | 54 | Commodities | PZT vs COM | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.22 | -0.03 | -0.01 | 55 | Commodities | PZT vs FTGC | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.21 | -0.02 | — | 50 | Commodities | PZT vs CMDT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.20 | -0.06 | -0.06 | 53 | Commodities | PZT vs CERY |
See all 1100 diversifiers for PZT
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