Looking to diversify beyond SZNE? The ETFs below have historically moved differently from SZNE, 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 SZNE
226 ETFs have low correlation with SZNE (below 0.3), 21 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.26 | -0.30 | 61 | Cryptocurrency | SZNE vs BITI | |
| Invesco DB Energy Fund | -0.23 | -0.10 | 0.04 | 72 | Oil & Gas | SZNE vs DBE | |
| United States Brent Oil Fund LP | -0.19 | -0.08 | 0.03 | 52 | Oil & Gas | SZNE vs BNO | |
| Invesco DB Oil Fund | -0.16 | -0.07 | 0.04 | 58 | Oil & Gas | SZNE vs DBO | |
| Alpha Architect Tail Risk ETF | -0.16 | -0.04 | 0.07 | 56 | Options Trading | SZNE vs CAOS |
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