Looking to balance out your exposure to ZIJMY? The ETFs below have historically moved differently from ZIJMY, 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 ZIJMY
1 ETFs have low correlation with ZIJMY (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 0.29 | — | — | 98 | Leveraged Equities, Semiconductors | ZIJMY vs MUU | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.17 | 0.11 | 71 | S&P 500 | ZIJMY vs SPY | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | 0.40 | 0.21 | 0.16 | 51 | Infrastructure Equities, Alternative Energy Equities, Energy Equities | ZIJMY vs GRID | |
| FlexShares International Quality Dividend Dynamic ... | 0.47 | 0.30 | 0.22 | 84 | Quality Factor, Foreign Large Cap Equities, Dividend | ZIJMY vs IQDY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZIJMY, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.05 | 0.01 | 0.02 | 72 | Energy | |
| SentinelOne, Inc. | -0.01 | 0.01 | 0.02 | 56 | Technology | |
| Palo Alto Networks, Inc. | 0.02 | -0.01 | -0.02 | 91 | Technology | |
| Berkshire Hathaway Inc. | 0.04 | 0.04 | 0.04 | 66 | Financial Services | |
| CrowdStrike Holdings, Inc. | 0.05 | 0.03 | 0.02 | 84 | Technology |
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