Looking to balance out your exposure to ZLNDY? The ETFs below have the lowest correlation with ZLNDY — they tend to move on their own, which can help reduce risk when ZLNDY drops. The stock ideas table highlights individual companies that behave independently from ZLNDY.
Best Diversifiers for ZLNDY
1 ETFs have low correlation with ZLNDY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.30, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.37 | 0.42 | 70 | S&P 500 | ZLNDY vs SPY |
Diversification Analysis
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