Looking to balance out your exposure to ZETA? The ETFs below have historically moved differently from ZETA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.41, roughly unchanged from 0.46 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 0.41 | 0.47 | 0.46 | 62 | Mid Cap Blend Equities | ZETA vs IJH | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.48 | 0.46 | 67 | S&P 500 | ZETA vs SPY | |
| iShares Core S&P 500 ETF | 0.49 | 0.48 | 0.46 | 67 | S&P 500 | ZETA vs IVV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZETA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is CareTrust REIT, Inc. (CTRE) (Real Estate) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
How candidates are selected| 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. | -0.04 | -0.02 | 0.01 | 66 | Communication Services | |
| Cenovus Energy Inc. | -0.04 | 0.09 | 0.15 | 95 | Energy | |
| Smithfield Foods, Inc | -0.02 | 0.05 | 0.05 | 59 | Consumer Defensive | |
| NextEra Energy, Inc. | -0.02 | 0.03 | 0.09 | 77 | Utilities |
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