Looking to diversify beyond REZ? The ETFs below have historically moved differently from REZ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for REZ
1391 ETFs have low correlation with REZ (below 0.3), 204 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, roughly unchanged from -0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.24 | -0.17 | 56 | Leveraged Currency | REZ vs YCS | |
| Roundhill Generative AI & Technology ETF | -0.20 | 0.04 | — | 66 | Artificial Intelligence, Technology Equities | REZ vs CHAT | |
| State Street Technology Select Sector SPDR ETF | -0.17 | 0.08 | 0.27 | 55 | Technology Equities | REZ vs XLK | |
| iShares Global Tech ETF | -0.17 | 0.08 | 0.27 | 63 | Technology Equities | REZ vs IXN | |
| TCW Artificial Intelligence ETF | -0.17 | — | — | 73 | Artificial Intelligence, Technology Equities | REZ vs AIFD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for REZ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.14, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.14 | 0.03 | 0.15 | 94 | Technology | |
| Walmart Inc. | 0.23 | 0.28 | 0.32 | 62 | Consumer Defensive | |
| NNN REIT, Inc. | 0.64 | 0.70 | 0.71 | 80 | Real Estate | |
| Realty Income Corporation | 0.69 | 0.70 | 0.74 | 77 | Real Estate | |
| Essex Property Trust, Inc. | 0.72 | 0.79 | 0.83 | 67 | Real Estate |
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