Looking to balance out your exposure to ZIJMY? The ETFs below have the lowest correlation with ZIJMY — they tend to move on their own, which can help reduce risk when ZIJMY drops. The stock ideas table highlights individual companies that behave independently from ZIJMY.
Best Diversifiers for ZIJMY
1 ETFs have low correlation with ZIJMY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 0.21 | — | — | 99 | Leveraged Equities | ZIJMY vs MUU | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.14 | 0.10 | 70 | S&P 500 | ZIJMY vs SPY | |
| ProShares UltraPro QQQ | 0.35 | 0.14 | 0.09 | 71 | Leveraged Equities | ZIJMY vs TQQQ | |
| First Trust Nasdaq Clean Edge Smart GRID Infrastru... | 0.36 | 0.19 | 0.13 | 79 | Alternative Energy Equities | ZIJMY vs GRID | |
| FlexShares International Quality Dividend Dynamic ... | 0.43 | 0.26 | 0.19 | 79 | Foreign Large Cap Equities, Dividend | ZIJMY vs IQDY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZIJMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZIJMY and solid risk/return profiles. The least correlated is CapitaLand Investment Limited (CLILF) (Real Estate) with a 1Y correlation of -0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CapitaLand Investment Limited | -0.01 | 0.02 | -0.01 | 57 | Real Estate | |
| Chevron Corporation | -0.00 | 0.01 | 0.03 | 83 | Energy | |
| Palo Alto Networks, Inc. | 0.04 | -0.01 | -0.02 | 67 | Technology | |
| CrowdStrike Holdings, Inc. | 0.05 | 0.00 | 0.01 | 70 | Technology | |
| NextNav Inc. | 0.09 | 0.02 | — | 75 | Communication Services |
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