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 iShares Core S&P Mid-Cap ETF (IJH) (Mid Cap Blend Equities) with a 1Y correlation of 0.48, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 0.48 | 0.49 | 0.46 | 52 | Mid Cap Blend Equities | ZETA vs IJH | |
| Invesco NASDAQ 100 ETF | 0.49 | 0.46 | 0.47 | 60 | Nasdaq-100 | ZETA vs QQQM | |
| Invesco QQQ ETF | 0.49 | 0.46 | 0.47 | 59 | Nasdaq-100 | ZETA vs QQQ | |
| iShares Core S&P 500 ETF | 0.54 | 0.49 | 0.46 | 59 | S&P 500 | ZETA vs IVV | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.49 | 0.46 | 59 | 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.04, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.04 | -0.03 | 0.01 | 66 | Communication Services | |
| Smithfield Foods, Inc | -0.03 | — | — | 54 | Consumer Defensive | |
| CareTrust REIT, Inc. | -0.03 | 0.10 | 0.13 | 78 | Real Estate | |
| Cenovus Energy Inc. | -0.02 | 0.10 | 0.16 | 91 | Energy | |
| Jazz Pharmaceuticals plc | 0.07 | 0.19 | 0.19 | 97 | Healthcare |
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