Looking to diversify beyond TZA? The ETFs below have the lowest correlation with TZA — 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 TZA.
Best Diversifiers for TZA
1459 ETFs have low correlation with TZA (below 0.3), 1427 of which are negatively correlated. The least correlated is ProShares UltraPro Russell2000 (URTY) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro Russell2000 | -1.00 | -1.00 | -1.00 | 65 | Leveraged Equities | TZA vs URTY | |
| Direxion Daily Small Cap Bull 3X Shares | -1.00 | -1.00 | -1.00 | 65 | Leveraged Equities, Small Cap Blend Equities | TZA vs TNA | |
| Vanguard Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 68 | Small Cap Blend Equities | TZA vs VTWO | |
| iShares Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 67 | Small Cap Blend Equities | TZA vs IWM | |
| ProShares Ultra Russell2000 | -1.00 | -1.00 | -1.00 | 65 | Leveraged Equities | TZA vs UWM |
See all 1459 diversifiers for TZA
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Diversification Analysis
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