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
1549 ETFs have low correlation with TZA (below 0.3), 1504 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.
| 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 | 62 | Leveraged Equities, Small Cap Blend Equities | TZA vs TNA | |
| ProShares UltraPro Russell2000 | -1.00 | -1.00 | -1.00 | 61 | 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 | 63 | Leveraged Equities | TZA vs UWM | |
| iShares Russell 2000 ETF | -1.00 | -1.00 | -1.00 | 69 | Small Cap Blend Equities | TZA vs IWM |
See all 1554 diversifiers for TZA
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements TZA
Add TZA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TZA