Looking to balance out your exposure to ZETA? The ETFs below have the lowest correlation with ZETA — they tend to move on their own, which can help reduce risk when ZETA drops. The stock ideas table highlights individual companies that behave independently from ZETA.
Best Diversifiers for ZETA
0 ETFs have low correlation with ZETA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.48, roughly unchanged from 0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.48 | 0.46 | — | 73 | Nasdaq-100 | ZETA vs QQQ | |
| iShares Core S&P Mid-Cap ETF | 0.48 | 0.49 | — | 51 | Mid Cap Blend Equities | ZETA vs IJH | |
| Invesco NASDAQ 100 ETF | 0.49 | 0.47 | — | 74 | Nasdaq-100 | ZETA vs QQQM | |
| iShares Core S&P 500 ETF | 0.52 | 0.49 | 0.46 | 70 | S&P 500 | ZETA vs IVV | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.49 | — | 70 | S&P 500 | ZETA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZETA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZETA and solid risk/return profiles. The least correlated is Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.05, down from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.05 | 0.09 | — | 95 | Energy | |
| CareTrust REIT, Inc. | -0.02 | 0.11 | — | 82 | Real Estate | |
| Vista Oil & Gas, S.A.B. de C.V. | 0.04 | 0.13 | — | 68 | Energy | |
| Jazz Pharmaceuticals plc | 0.09 | 0.20 | — | 96 | Healthcare | |
| AXT, Inc. | 0.12 | 0.16 | — | 99 | Technology |
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