Looking to balance out your exposure to ZION? The ETFs below have the lowest correlation with ZION — they tend to move on their own, which can help reduce risk when ZION drops. The stock ideas table highlights individual companies that behave independently from ZION.
Best Diversifiers for ZION
0 ETFs have low correlation with ZION (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.46, roughly unchanged from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.46 | 0.48 | 0.55 | 70 | S&P 500 | ZION vs VOO | |
| State Street SPDR S&P 500 ETF | 0.47 | 0.48 | 0.56 | 70 | S&P 500 | ZION vs SPY | |
| iShares Core S&P Mid-Cap ETF | 0.69 | 0.70 | 0.71 | 51 | Mid Cap Blend Equities | ZION vs IJH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZION, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZION and solid risk/return profiles. The least correlated is Apache Corporation (APA) (Energy) with a 1Y correlation of 0.04, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apache Corporation | 0.04 | 0.26 | 0.37 | 90 | Energy | |
| Plains All American Pipeline, L.P. | 0.13 | 0.28 | 0.37 | 87 | Energy | |
| W. P. Carey Inc. | 0.20 | 0.31 | 0.32 | 79 | Real Estate | |
| BlackBerry Limited | 0.22 | 0.30 | 0.35 | 90 | Technology | |
| Lumen Technologies, Inc. | 0.27 | 0.31 | 0.35 | 81 | Communication Services |
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