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
1 ETFs have low correlation with ZBRA (below 0.3), 0 of which are negatively correlated. The least correlated is Janus Henderson AAA CLO ETF (JAAA) (CLO) with a 1Y correlation of 0.10, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Janus Henderson AAA CLO ETF | 0.10 | 0.12 | 0.11 | 98 | CLO | ZBRA vs JAAA | |
| Spear Alpha ETF | 0.38 | 0.48 | 0.58 | 65 | Technology Equities | ZBRA vs SPRX | |
| Roundhill Generative AI & Technology ETF | 0.38 | 0.48 | — | 89 | Technology Equities | ZBRA vs CHAT | |
| iShares Semiconductor ETF | 0.41 | 0.51 | 0.61 | 95 | Semiconductors, Technology Equities | ZBRA vs SOXX | |
| Invesco QQQ ETF | 0.46 | 0.51 | 0.63 | 59 | Nasdaq-100 | ZBRA vs QQQ |
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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 -0.05, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.05 | -0.02 | 0.07 | 96 | Healthcare | |
| Ovintiv Inc. | -0.01 | 0.16 | 0.24 | 76 | Energy | |
| AbbVie Inc. | 0.01 | 0.07 | 0.10 | 75 | Healthcare | |
| TC Energy Corporation | 0.01 | 0.16 | 0.25 | 95 | Energy | |
| Apache Corporation | 0.02 | 0.17 | 0.26 | 87 | Energy |
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Build a portfolio that complements ZBRA
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