Looking to balance out your exposure to ZBRA? The ETFs below have the lowest correlation with ZBRA — they tend to move on their own, which can help reduce risk when ZBRA drops. The stock ideas table highlights individual companies that behave independently from ZBRA.
Best Diversifiers for ZBRA
2 ETFs have low correlation with ZBRA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.06 | 0.22 | 0.25 | 63 | Energy Equities | ZBRA vs XLE | |
| Janus Henderson AAA CLO ETF | 0.10 | 0.12 | 0.11 | 98 | CLO | ZBRA vs JAAA | |
| Roundhill Generative AI & Technology ETF | 0.33 | 0.42 | 0.42 | 94 | Technology Equities | ZBRA vs CHAT | |
| Spear Alpha ETF | 0.34 | 0.47 | 0.58 | 71 | Technology Equities | ZBRA vs SPRX | |
| ARK Autonomous Technology & Robotics ETF | 0.40 | 0.53 | 0.58 | 62 | Technology Equities, Robotics | ZBRA vs ARKQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZBRA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZBRA and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.03 | -0.01 | 0.08 | 92 | Healthcare | |
| TC Energy Corporation | -0.01 | 0.17 | 0.23 | 87 | Energy | |
| Ovintiv Inc. | 0.00 | 0.17 | 0.25 | 81 | Energy | |
| Apache Corporation | 0.02 | 0.18 | 0.26 | 90 | Energy | |
| AbbVie Inc. | 0.03 | 0.07 | 0.10 | 62 | Healthcare |
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Build a portfolio that complements ZBRA
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