Looking to diversify beyond ZNOV? The ETFs below have the lowest correlation with ZNOV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ZNOV.
Best Diversifiers for ZNOV
220 ETFs have low correlation with ZNOV (below 0.3), 42 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.12 | -0.12 | 71 | Oil & Gas | ZNOV vs DBE | |
| United States Brent Oil Fund LP | -0.27 | -0.11 | -0.11 | 65 | Oil & Gas | ZNOV vs BNO | |
| Invesco DB Oil Fund | -0.24 | -0.08 | -0.08 | 65 | Oil & Gas | ZNOV vs DBO | |
| iShares Commodities Select Strategy ETF | -0.19 | -0.06 | -0.06 | 72 | Commodities | ZNOV vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.05 | -0.05 | 72 | Commodities | ZNOV vs GSG |
See all 1220 diversifiers for ZNOV
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