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 0.45, 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 | 0.45 | 0.48 | 0.46 | 51 | Mid Cap Blend Equities | ZETA vs IJH | |
| Invesco NASDAQ 100 ETF | 0.46 | 0.46 | 0.47 | 59 | Nasdaq-100 | ZETA vs QQQM | |
| Invesco QQQ ETF | 0.46 | 0.46 | 0.47 | 58 | Nasdaq-100 | ZETA vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.48 | 0.46 | 66 | S&P 500 | ZETA vs SPY | |
| iShares Core S&P 500 ETF | 0.53 | 0.48 | 0.46 | 66 | S&P 500 | ZETA vs IVV |
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 CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CareTrust REIT, Inc. | -0.06 | 0.10 | 0.13 | 84 | Real Estate | |
| Verizon Communications Inc. | -0.05 | -0.02 | 0.01 | 57 | Communication Services | |
| NextEra Energy, Inc. | -0.04 | 0.03 | 0.10 | 73 | Utilities | |
| Cenovus Energy Inc. | -0.02 | 0.10 | 0.15 | 93 | Energy | |
| Smithfield Foods, Inc | -0.02 | 0.06 | 0.06 | 53 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ZETA
Add ZETA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ZETA