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
205 ETFs have low correlation with ZHDG (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.43 | -0.34 | -0.35 | 57 | Cryptocurrency | ZHDG vs BITI | |
| Invesco DB Energy Fund | -0.25 | -0.06 | 0.08 | 53 | Oil & Gas | ZHDG vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | ZHDG vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 96 | Inflation-Protected Bonds | ZHDG vs IBID | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.15 | 0.00 | 0.12 | 51 | Commodities | ZHDG vs GSG |
See all 1143 diversifiers for ZHDG
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