31 Stocks and 69 ETFs for diversifying BZQ (ProShares UltraShort MSCI Brazil Capped ETF -2x Shares)
The least correlated asset to BZQ (ProShares UltraShort MSCI Brazil Capped ETF -2x Shares) is ETF BRAZ (GLOBAL X BRAZIL ACTIVE ETF). The correlation is -0.9798.
Stocks that lowly correlated with BZQ
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| BBDO | Banco Bradesco S.A. | $34B | Financial Services | Banks - Regional | -0.87 |
| BBD | Banco Bradesco S.A. | $38B | Financial Services | Banks - Regional | -0.84 |
| ITUB | Itau Unibanco Holding S.A. | $94B | Financial Services | Banks - Regional | -0.83 |
| ELPC | Cia Paranaense De Energia Copel ADR (Representing ) | $8.52B | Utilities | Utilities - Regulated Electric | -0.82 |
| BSBR | Banco Santander (Brasil) S.A. | $38B | Financial Services | Banks - Regional | -0.81 |
| JBS | JBS N.V. - Class A | $13B | Consumer Defensive | Packaged Foods | -0.80 |
| UGP | Ultrapar Participacoes S.A. | $6.65B | Energy | Oil & Gas Refining & Marketing | -0.79 |
| PBR-A | Petroleo Brasileiro S.A. Petrobras | $98B | Energy | Oil & Gas Integrated | -0.78 |
| GLIBK | GCI Liberty Inc | $877M | Communication Services | Telecom Services | -0.76 |
| PBR | Petroleo Brasileiro S.A. Petrobras | $115B | Energy | Oil & Gas Integrated | -0.76 |
| SBS | Companhia de Saneamento Basico do Estado de Sao Paulo. | $21B | Utilities | Utilities - Regulated Water | -0.76 |
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.75 |
| AUGO | Aura Minerals Inc | $4.54B | Basic Materials | Gold | -0.74 |
| CSAN | Cosan S.A | $2.57B | Energy | Oil & Gas Refining & Marketing | -0.74 |
| GRNA | GreenLight Biosciences Inc | $45M | N/A | N/A | -0.73 |
| ABEV | Ambev S.A. | $48B | Consumer Defensive | Beverages - Brewers | -0.71 |
| ELP | Cia Paranaense De Energia Copel | $6.88B | Utilities | Utilities - Regulated Electric | -0.71 |
| XP | XP Inc - Class A | $8.86B | Financial Services | Capital Markets | -0.71 |
| VIV | Telefonica Brasil S.A. | $22B | Communication Services | Telecom Services | -0.70 |
| ARCO | Arcos Dorados Holdings Inc - Class A | $1.73B | Consumer Cyclical | Restaurants | -0.70 |
| TIMB | TIM SA | $11B | Communication Services | Telecom Services | -0.69 |
| APADU | A Paradise Acquisition Corp Unit | $67M | Financial Services | Shell Companies | -0.69 |
| LND | Brasilagro Companhia Brasileira De Propriedade Agricola | $368M | Consumer Defensive | Farm Products | -0.68 |
| CIG | Cia Energetica DE Minas Gerais - Cemig | $6.18B | Utilities | Utilities - Regulated Electric | -0.68 |
| CIG-C | Cia Energetica DE Minas Gerais - Cemig | $9.18B | Utilities | Utilities - Regulated Electric | -0.67 |
| VALE | Vale S.A. | $76B | Basic Materials | Other Industrial Metals & Mining | -0.67 |
| GGB | Gerdau S.A. | $9.50B | Basic Materials | Steel | -0.65 |
| SID | Companhia Siderurgica Nacional | $1.37B | Basic Materials | Steel | -0.65 |
| EBR-B | Centrais Eletricas Brasileiras S.A. | $26B | Utilities | Utilities - Renewable | -0.64 |
| AFYA | Afya Ltd - Class A | $1.26B | Consumer Defensive | Education & Training Services | -0.63 |
| CPZ | Calamos Long/Short Equity & Dynamic Income Trust | $255M | Financial Services | Asset Management | -0.62 |