Looking to balance out your exposure to ZD? The ETFs below have the lowest correlation with ZD — they tend to move on their own, which can help reduce risk when ZD drops. The stock ideas table highlights individual companies that behave independently from ZD.
Best Diversifiers for ZD
1 ETFs have low correlation with ZD (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.29, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.41 | 0.53 | 70 | S&P 500 | ZD vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZD and solid risk/return profiles. The least correlated is AstraZeneca PLC (AZN) (Healthcare) with a 1Y correlation of -0.00, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AstraZeneca PLC | -0.00 | 0.09 | 0.15 | 70 | Healthcare | |
| RTX Corporation | 0.01 | 0.16 | 0.26 | 70 | Industrials | |
| Broadcom Inc. | 0.02 | 0.17 | 0.30 | 84 | Technology | |
| Exxon Mobil Corporation | 0.03 | 0.17 | 0.19 | 85 | Energy | |
| Advanced Micro Devices, Inc. | 0.06 | 0.18 | 0.30 | 98 | Technology |
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