Looking to diversify beyond ZHDG? The ETFs below have the lowest correlation with ZHDG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ZHDG.
Best Diversifiers for ZHDG
203 ETFs have low correlation with ZHDG (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.05 | 0.08 | 71 | Oil & Gas | ZHDG vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.05 | — | 65 | Oil & Gas | ZHDG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.10 | — | 56 | Derivative Income | ZHDG vs USOY | |
| Invesco DB Oil Fund | -0.28 | -0.04 | — | 65 | Oil & Gas | ZHDG vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | ZHDG vs IBIC |
See all 1162 diversifiers for ZHDG
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