Looking to diversify beyond TZA? The ETFs below have historically moved differently from TZA, 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 TZA
1721 ETFs have low correlation with TZA (below 0.3), 1648 of which are negatively correlated. The least correlated is Direxion Daily Small Cap Bull 3X Shares (TNA) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | -1.00 | -1.00 | -1.00 | 72 | Leveraged Equities, Small Cap Blend Equities | TZA vs TNA | |
| ProShares UltraPro Russell2000 | -1.00 | -1.00 | -1.00 | 72 | Leveraged Equities | TZA vs URTY | |
| Vanguard Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 79 | Small Cap Blend Equities | TZA vs VTWO | |
| ProShares Ultra Russell2000 | -1.00 | -1.00 | -1.00 | 73 | Leveraged Equities | TZA vs UWM | |
| iShares Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 79 | Small Cap Blend Equities | TZA vs IWM |
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