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
1667 ETFs have low correlation with TZA (below 0.3), 1604 of which are negatively correlated. The least correlated is iShares Russell 2000 ETF (IWM) (Small Cap Blend 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 |
|---|---|---|---|---|---|---|---|
| iShares Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 69 | Small Cap Blend Equities | TZA vs IWM | |
| Direxion Daily Small Cap Bull 3X Shares | -1.00 | -1.00 | -1.00 | 69 | Leveraged Equities | TZA vs TNA | |
| ProShares UltraPro Russell2000 | -1.00 | -1.00 | -1.00 | 68 | Leveraged Equities | TZA vs URTY | |
| Vanguard Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 70 | Small Cap Blend Equities | TZA vs VTWO | |
| ProShares Ultra Russell2000 | -1.00 | -1.00 | -1.00 | 67 | Leveraged Equities | TZA vs UWM |
See all 1667 diversifiers for TZA
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Diversification Analysis
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