Looking to diversify beyond REZ? The ETFs below have the lowest correlation with REZ — 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 REZ.
Best Diversifiers for REZ
1254 ETFs have low correlation with REZ (below 0.3), 188 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.54, roughly unchanged from -0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.54 | -0.54 | -0.54 | 99 | Leveraged Equities, Semiconductors | REZ vs MUU | |
| ProShares UltraShort Yen | -0.32 | -0.24 | -0.17 | 75 | Leveraged Currency | REZ vs YCS | |
| Alger AI Enablers & Adopters ETF | -0.20 | — | — | 67 | Technology Equities | REZ vs ALAI | |
| Roundhill Generative AI & Technology ETF | -0.20 | 0.05 | — | 88 | Technology Equities | REZ vs CHAT | |
| Pacer Data and Digital Revolution ETF | -0.19 | 0.07 | 0.21 | 72 | Technology Equities | REZ vs TRFK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REZ and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.13 | 0.03 | 0.16 | 97 | Technology | |
| Walmart Inc. | 0.21 | 0.28 | 0.32 | 70 | Consumer Defensive | |
| Realty Income Corporation | 0.68 | 0.70 | 0.74 | 72 | Real Estate | |
| NNN REIT, Inc. | 0.69 | 0.73 | 0.75 | 71 | Real Estate | |
| Essex Property Trust, Inc. | 0.73 | 0.80 | 0.83 | 52 | Real Estate |
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Build a portfolio that complements REZ
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Analyze a portfolio with REZ