Looking to diversify beyond ZAP? The ETFs below have historically moved differently from ZAP, 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 ZAP
446 ETFs have low correlation with ZAP (below 0.3), 52 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.30 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | ZAP vs SBIT | |
| ProShares Short Bitcoin ETF | -0.30 | — | — | 61 | Cryptocurrency | ZAP vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 61 | Inverse Equities, Leveraged Equities | ZAP vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | — | — | 75 | Derivative Income | ZAP vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.19 | — | — | 56 | Options Trading | ZAP vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZAP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.16, roughly unchanged from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.16 | 0.19 | 0.19 | 95 | Communication Services | |
| Broadcom Inc. | 0.30 | — | — | 67 | Technology | |
| NVIDIA Corporation | 0.31 | — | — | 56 | Technology | |
| ASML Holding N.V. | 0.37 | 0.35 | 0.35 | 96 | Technology | |
| Arista Networks, Inc. | 0.39 | 0.41 | 0.41 | 71 | Technology |
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