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
3 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 0.11, 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 | 0.11 | 0.34 | 0.37 | 77 | Dividend | Z vs SCHD | |
| Invesco NASDAQ 100 ETF | 0.25 | 0.39 | 0.50 | 60 | Nasdaq-100 | Z vs QQQM | |
| Invesco QQQ ETF | 0.25 | 0.39 | 0.50 | 59 | Nasdaq-100 | Z vs QQQ | |
| Vanguard S&P 500 ETF | 0.33 | 0.46 | 0.52 | 60 | S&P 500 | Z vs VOO | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.46 | 0.52 | 60 | 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 Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.03, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.03 | 0.13 | 0.13 | 75 | Healthcare | |
| NVIDIA Corporation | 0.05 | 0.22 | 0.37 | 70 | Technology | |
| AST SpaceMobile, Inc. | 0.07 | 0.19 | 0.27 | 56 | Technology | |
| Arm Holdings plc American Depositary Shares | 0.10 | 0.26 | 0.26 | 84 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.11 | 0.27 | 0.33 | 93 | Technology |
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