Looking to diversify beyond SZK? The ETFs below have historically moved differently from SZK, 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 SZK
1260 ETFs have low correlation with SZK (below 0.3), 797 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.69, roughly unchanged from -0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.69 | -0.66 | -0.64 | 92 | Dividend, Large Cap Value Equities | SZK vs HDV | |
| FT Vest DJIA Dogs 10 Target Income ETF | -0.67 | -0.60 | — | 76 | Derivative Income | SZK vs DOGG | |
| VictoryShares US EQ Income Enhanced Volatility Wtd... | -0.66 | -0.63 | -0.65 | 89 | Low Volatility | SZK vs CDC | |
| VictoryShares US Large Cap High Dividend Volatilit... | -0.66 | -0.65 | -0.67 | 88 | Dividend, Low Volatility | SZK vs CDL | |
| First Trust Value Line Dividend Index Fund | -0.64 | -0.68 | -0.70 | 57 | Mid Cap Value Equities, Dividend | SZK vs FVD |
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