Looking to balance out your exposure to ZM? The ETFs below have the lowest correlation with ZM — they tend to move on their own, which can help reduce risk when ZM drops. The stock ideas table highlights individual companies that behave independently from ZM.
Best Diversifiers for ZM
6 ETFs have low correlation with ZM (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long AMD Daily ETF (AMDL) (Leveraged Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.12 | 0.22 | 0.22 | 96 | Leveraged Equities | ZM vs AMDL | |
| ARK Autonomous Technology & Robotics ETF | 0.15 | 0.39 | 0.55 | 62 | Robotics, Technology Equities, Actively Managed | ZM vs ARKQ | |
| Vanguard Information Technology ETF | 0.27 | 0.39 | 0.53 | 76 | Technology Equities | ZM vs VGT | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.41 | 0.50 | 70 | S&P 500 | ZM vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.41 | 0.50 | 70 | S&P 500 | ZM vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZM and solid risk/return profiles. The least correlated is Bloom Energy Corporation (BE) (Industrials) with a 1Y correlation of 0.01, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bloom Energy Corporation | 0.01 | 0.20 | 0.34 | 99 | Industrials | |
| Micron Technology, Inc. | 0.02 | 0.19 | 0.30 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.02 | 0.19 | 0.30 | 95 | Technology | |
| Powell Industries, Inc. | 0.04 | 0.15 | 0.18 | 98 | Industrials | |
| Ciena Corporation | 0.07 | 0.27 | 0.36 | 99 | Technology |
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