Looking to balance out your exposure to Z? The ETFs below have the lowest correlation with Z — they tend to move on their own, which can help reduce risk when Z drops. The stock ideas table highlights individual companies that behave independently from Z.
Best Diversifiers for Z
5 ETFs have low correlation with Z (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.08, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.08 | 0.33 | 0.37 | 91 | Dividend | Z vs SCHD | |
| Invesco NASDAQ 100 ETF | 0.21 | 0.37 | 0.49 | 54 | Nasdaq-100 | Z vs QQQM | |
| Invesco QQQ ETF | 0.22 | 0.37 | 0.49 | 53 | Nasdaq-100 | Z vs QQQ | |
| Vanguard S&P 500 ETF | 0.29 | 0.45 | 0.52 | 66 | S&P 500 | Z vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.45 | 0.52 | 65 | S&P 500 | Z vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from Z, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to Z and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.02, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.02 | 0.20 | 0.36 | 63 | Technology | |
| Eli Lilly and Company | 0.05 | 0.15 | 0.14 | 79 | Healthcare | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.09 | 0.25 | 0.32 | 89 | Technology | |
| Broadcom Inc. | 0.10 | 0.21 | 0.31 | 67 | Technology | |
| Arm Holdings plc American Depositary Shares | 0.10 | — | — | 74 | Technology |
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