Looking to balance out your exposure to GZPZY? The ETFs below have the lowest correlation with GZPZY — they tend to move on their own, which can help reduce risk when GZPZY drops. The stock ideas table highlights individual companies that behave independently from GZPZY.
Best Diversifiers for GZPZY
2 ETFs have low correlation with GZPZY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.04 | 0.01 | 0.03 | 75 | Momentum, S&P 500 | GZPZY vs SPMO | |
| Amplify CWP Enhanced Dividend Income ETF | 0.11 | 0.04 | 0.05 | 61 | Derivative Income | GZPZY vs DIVO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GZPZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GZPZY and solid risk/return profiles. The least correlated is Accelleron Industries AG ADR (ACLLY) (Industrials) with a 1Y correlation of -0.06, roughly unchanged from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Accelleron Industries AG ADR | -0.06 | -0.00 | — | 87 | Industrials | |
| Flughafen Zürich AG | -0.04 | -0.01 | 0.00 | 58 | Industrials | |
| Micron Technology, Inc. | -0.02 | -0.01 | -0.00 | 99 | Technology | |
| LATAM Airlines Group S.A. | -0.01 | — | — | 64 | Industrials | |
| American Healthcare REIT, Inc. | -0.01 | — | — | 81 | Real Estate |
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