Looking to diversify beyond ZCBC? The ETFs below have the lowest correlation with ZCBC — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ZCBC.
Best Diversifiers for ZCBC
2 ETFs have low correlation with ZCBC (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.22, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.22 | -0.22 | -0.22 | 100 | Government Bonds, Ultrashort Bond | ZCBC vs BIL | |
| WisdomTree Floating Rate Treasury Fund | 0.07 | 0.07 | 0.07 | 100 | Government Bonds, Ultrashort Bond | ZCBC vs USFR | |
| Global X S&P 500 Covered Call ETF | 0.34 | 0.34 | 0.34 | 82 | Derivative Income, S&P 500 | ZCBC vs XYLD | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.69 | 0.69 | 0.69 | 99 | Government Bonds, Ultrashort Bond | ZCBC vs XONE |
Diversification Analysis
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