Looking to balance out your exposure to ZBRA? The ETFs below have historically moved differently from ZBRA, 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 ZBRA
2 ETFs have low correlation with ZBRA (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.04 | 0.13 | 0.21 | 76 | Energy Equities | ZBRA vs XLE | |
| Janus Henderson AAA CLO ETF | 0.13 | 0.12 | 0.12 | 99 | CLO | ZBRA vs JAAA | |
| Roundhill Generative AI & Technology ETF | 0.33 | 0.42 | 0.41 | 66 | Artificial Intelligence, Technology Equities | ZBRA vs CHAT | |
| iShares Semiconductor ETF | 0.37 | 0.49 | 0.59 | 90 | Semiconductors, Technology Equities | ZBRA vs SOXX | |
| Global X US Infrastructure Development ETF | 0.49 | 0.59 | 0.64 | 52 | Infrastructure Equities, Industrials Equities | ZBRA vs PAVE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZBRA, 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 Cencora Inc. (COR) (Healthcare) with a 1Y correlation of -0.11, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cencora Inc. | -0.11 | -0.09 | 0.04 | 53 | Healthcare | |
| Ovintiv Inc. | -0.08 | 0.12 | 0.23 | 84 | Energy | |
| Apache Corporation | -0.06 | 0.14 | 0.24 | 90 | Energy | |
| TC Energy Corporation | -0.06 | 0.12 | 0.23 | 95 | Energy | |
| Range Resources Corporation | -0.05 | 0.13 | 0.23 | 54 | Energy |
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