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24 Stocks and 76 ETFs for diversifying OPTZ (OPTIMIZE STRATEGY INDEX ETF)

The least correlated asset to OPTZ (OPTIMIZE STRATEGY INDEX ETF) is ETF NTRL (First Trust Equity Market Neutral ETF). The correlation is -1.

Stocks that lowly correlated with OPTZ

SymbolName
Market cap
SectorIndustry
Correlation
APADEnhanced Group Inc - Class A$161MFinancial ServicesShell Companies-0.59
IROHUCN Healthy Food Tech Group Corp - Units (1 Ord 1 War & 1 Rts)$453MN/AN/A-0.58
CLIKClick Holdings Ltd$4.19MConsumer CyclicalPersonal Services-0.57
TMDETMD Energy Ltd$21MEnergyOil & Gas Midstream-0.56
APADUA Paradise Acquisition Corp Unit$67MFinancial ServicesShell Companies-0.55
DMDesktop Metal Inc - Class A$165MN/AN/A-0.54
EDConsolidated Edison Inc$40BUtilitiesUtilities - Regulated Electric-0.54
VSTAVasta Platform Ltd Class A$394MConsumer DefensiveEducation & Training Services-0.53
EXCExelon Corp$47BUtilitiesUtilities - Regulated Electric-0.52
PIRSPieris Pharmaceuticals Inc$24MN/AN/A-0.51
GATEVISTASHARES TARGET 15 GATE ENDOWMENT DISTRIBUTION ETF $425MFinancial ServicesShell Companies-0.50
GATEUMarblegate Acquisition Corp - Units (1 Ord Share Class A & 1/2 War)$340MFinancial ServicesShell Companies-0.50
AACIWArmada Acquisition Corp I - Warrants (13/08/2026)$20MN/AN/A-0.50
CPSRGelesis Holdings Inc - Class A$1.87BN/AN/A-0.49
CAPSCapstone Holding Corp$2.58MBasic MaterialsBuilding Materials-0.49
TRUGTruGolf Holdings Inc - Class A$1.24MConsumer CyclicalLeisure-0.49
ORLAOrla Mining Ltd$3.73BBasic MaterialsGold-0.49
GLIBKGCI Liberty Inc$877MCommunication ServicesTelecom Services-0.48
PLMIPlum Acquisition Corp I - Class A$192MN/AN/A-0.48
ITIIteris Inc$316MN/AN/A-0.47
LWACLightWave Acquisition Corp - Class A$221MFinancial ServicesShell Companies-0.46
MCTRCTRL Group Ltd$15MCommunication ServicesAdvertising Agencies-0.46
BGSB&G Foods Inc$305MConsumer DefensivePackaged Foods-0.46
WVVIPWillamette Valley Vineyard Inc$22MConsumer DefensiveBeverages - Wineries & Distilleries-0.46

ETFs that lowly correlated with OPTZ

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
NTRLFirst Trust Equity Market Neutral ETF$19M0.95%Feb 4, 2020-1.00
XCOMUltra Communication Services Select Sector ETF$384KN/AJun 2, 2026-1.00
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-1.00
SDSProShares UltraShort S&P500 -2x Shares$398MN/AJul 11, 2006-0.91
MYYPROSHARES SHORT MIDCAP400 $2.90M0.95%Jun 19, 2006-0.91
RWMPROSHARES SHORT RUSSELL2000 $113M0.95%Jan 23, 2007-0.90
HIBSDirexion Daily S&P 500 High Beta Bear 3X Shares$17MN/ANov 7, 2019-0.90
TWMProShares UltraShort Russell2000 -2x Shares$38MN/AJan 23, 2007-0.90
SHProShares Short S&P500 -1x Shares$973M0.89%Jun 19, 2006-0.89
SPDNDIREXION DAILY S&P 500 (R) BEAR 1X SHARES $195M0.48%Jun 8, 2016-0.89
MZZPROSHARES ULTRASHORT MIDCAP400 $2.40MN/AJul 11, 2006-0.89
SBBProShares Short SmallCap600 -1x Shares$3.30M0.95%Jan 23, 2007-0.88
PSQProShares Short QQQ -1x Shares$601M0.95%Jun 19, 2006-0.87
SDDPROSHARES ULTRASHORT SMALLCAP600 $1.20MN/AJan 23, 2007-0.87
DXDPROSHARES ULTRASHORT DOW30 $46MN/AJul 11, 2006-0.85
DOGPROSHARES SHORT DOW30 $111M0.95%Jun 19, 2006-0.85
BTALAGF U.S. MARKET NEUTRAL ANTI-BETA FUND $283M1.40%Sep 13, 2011-0.85
YQQQYIELDMAX(R) SHORT N100 OPTION INCOME STRATEGY ETF $16M1.11%Aug 14, 2024-0.83
AIBDDirexion Daily AI and Big Data Bear 2X ETF$4.70MN/AMay 15, 2024-0.80
UVIX2x Long VIX Futures ETF$290MN/AMar 28, 2022-0.79
TSMZDIREXION DAILY TSM BEAR 1X SHARES $2.80M1.01%Oct 2, 2024-0.78
TAILCAMBRIA TAIL RISK ETF $147M0.59%Apr 5, 2017-0.77
VIXMProShares VIX Mid-Term Futures ETF$40M0.92%Jan 3, 2011-0.73
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN$35M0.89%Jan 17, 2018-0.73
SIJProShares UltraShort Industrials -2x Shares$5.50MN/AJan 30, 2007-0.71
HDGEADVISORSHARES RANGER EQUITY BEAR ETF $66M3.62%Jan 26, 2011-0.71
QBERTRUESHARES QUARTERLY BEAR HEDGE ETF $82M0.79%Jun 28, 2024-0.71
SCCProShares UltraShort Consumer Discretionary$6.80MN/AJan 30, 2007-0.70
CLIMCLIMATE GLOBAL - CLIMATE RESILIENT REIT INDEX ETF $1.30M0.90%Mar 11, 2026-0.69
QQQDDIREXION DAILY MAGNIFICENT 7 BEAR 1X SHARES $35M0.50%Mar 6, 2024-0.69
REWProShares UltraShort Technology -2x Shares$2.80MN/AJan 30, 2007-0.69
EEVProShares UltraShort MSCI Emerging Markets -2x Shares$2.60MN/AOct 30, 2007-0.67
WEBSDIREXION DAILY DOW JONES INTERNET BEAR 3X SHARES $8.70MN/ANov 7, 2019-0.67
BNKDBank of Montreal$1.10MN/AFeb 20, 2025-0.67
EUMProShares Short MSCI Emerging Markets -1x Shares$9.80M0.95%Oct 30, 2007-0.67
SDOWProShares UltraPro Short Dow30 -3x Shares$185MN/AFeb 9, 2010-0.67
SKRETUTTLE CAPITAL DAILY 2X INVERSE REGIONAL BANKS ETF $5.20MN/AJan 3, 2024-0.67
SJBPROSHARES SHORT HIGH YIELD $56M0.95%Mar 21, 2011-0.65
SHRTGOTHAM SHORT STRATEGIES ETF $14M1.35%Jul 31, 2017-0.65
QCMDDirexion Daily QCOM Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.65
DIPSYIELDMAX(R) SHORT NVDA OPTION INCOME STRATEGY ETF $8.20M1.05%Jul 23, 2024-0.64
DWSHADVISORSHARES DORSEY WRIGHT SHORT ETF $11M6.22%Jul 10, 2018-0.64
SARKTRADR 1X SHORT INNOVATION DAILY ETF $43M0.92%Nov 5, 2021-0.63
FIYYGRANITESHARES YIELDBOOST 20Y+ TREASURIES ETF $732K1.07%May 4, 2026-0.62
SEFProShares Short Financials -1x Shares$14M0.95%Jun 10, 2008-0.61
NVDSTradr 1.5X Short NVDA Daily ETF$18MN/AJul 13, 2022-0.61
AMDDT-REX 2X INVERSE AMD DAILY TARGET ETF $16M1.03%Feb 11, 2025-0.61
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.61
IONZDefiance Daily Target 2x Short IONQ ETF$22MN/AJun 23, 2025-0.61
EMTYProShares Decline of the Retail Store ETF -1x Shares$3M0.65%Nov 14, 2017-0.60
MUDDirexion Daily MU Bear 1X Shares$76M1.02%Oct 9, 2024-0.59
NVDDDIREXION DAILY NVDA BEAR 1X SHARES $19M1.01%Sep 12, 2023-0.59
CSCSDirexion Daily CSCO Bear 1X ETF$1.70M1.00%Jun 24, 2025-0.59
SMCZDEFIANCE DAILY TARGET 2X SHORT SMCI ETF $13MN/AMar 31, 2025-0.59
NVDQT-REX 2X INVERSE NVIDIA DAILY TARGET ETF $22MN/AOct 18, 2023-0.58
NVDGRANITESHARES 2X SHORT NVDA DAILY ETF $61MN/AAug 21, 2023-0.58
SKFProShares UltraShort Financials -2x Shares$11MN/AMay 23, 2007-0.56
EWVProShares UltraShort MSCI Japan -2x Shares$5.70MN/ANov 6, 2007-0.56
SMDDProShares UltraPro Short MidCap400 -3x Shares$1.90MN/AFeb 9, 2010-0.55
SMNProShares UltraShort Materials$4.10MN/AJan 30, 2007-0.55
AVSDIREXION DAILY AVGO BEAR 1X SHARES $7.50M1.03%Oct 9, 2024-0.54
CAOSALPHA ARCHITECT TAIL RISK ETF $705M0.63%Aug 14, 2013-0.53
AMZDDIREXION DAILY AMZN BEAR 1X SHARES $10M1.02%Sep 6, 2022-0.52
GGLSDirexion Daily GOOGL Bear 1X ETF$13M1.02%Sep 6, 2022-0.52
CRSHYIELDMAX(R) SHORT TSLA OPTION INCOME STRATEGY ETF $16M1.05%May 1, 2024-0.51
MSFDDIREXION DAILY MSFT BEAR 1X SHARES $11M1.02%Sep 6, 2022-0.51
IVOLQUADRATIC INTEREST RATE VOLATILITY AND INFLATION HEDGE ETF $276M0.98%May 13, 2019-0.51
LDRTISHARES IBONDS 1-5 YEAR TREASURY LADDER ETF $132M0.07%Nov 7, 2024-0.50
RTXGLeverage Shares 2X Long RTX Daily ETF$4.50MN/AJun 5, 2025-0.50
PANGLEVERAGE SHARES 2X LONG PANW DAILY ETF $8.90MN/AMar 20, 2025-0.50
METDDIREXION DAILY META BEAR 1X SHARES $7.90M1.02%Jun 5, 2024-0.48
EFZProShares Short MSCI EAFE -1X Shares$12M0.95%Oct 23, 2007-0.47
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.46
EFUProShares UltraShort MSCI EAFE -2x Shares$1.20MN/AOct 23, 2007-0.46
AAPDDIREXION DAILY AAPL BEAR 1X SHARES $14M0.96%Aug 8, 2022-0.46
IBICISHARES IBONDS OCT 2026 TERM TIPS ETF $86M0.10%Sep 13, 2023-0.46