Looking to diversify beyond ZROZ? The ETFs below have historically moved differently from ZROZ, 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 ZROZ
1415 ETFs have low correlation with ZROZ (below 0.3), 109 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.23 | -0.19 | 54 | Oil & Gas | ZROZ vs DBE | |
| United States Gasoline Fund, LP | -0.37 | -0.20 | -0.16 | 72 | Oil & Gas | ZROZ vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.36 | -0.19 | -0.15 | 51 | Commodities | ZROZ vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.36 | -0.20 | -0.17 | 51 | Commodities | ZROZ vs COMT | |
| Invesco DB Commodity Index Tracking Fund | -0.35 | -0.18 | -0.14 | 59 | Commodities | ZROZ vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZROZ, 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 Texas Pacific Land Corporation (TPL) (Energy) with a 1Y correlation of -0.02, roughly unchanged from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Texas Pacific Land Corporation | -0.02 | -0.03 | -0.07 | 57 | Energy | |
| Baidu, Inc. | -0.01 | 0.05 | 0.02 | 61 | Communication Services | |
| Bank of America Corporation | 0.00 | 0.05 | -0.03 | 85 | Financial Services | |
| NVIDIA Corporation | 0.00 | -0.00 | 0.01 | 63 | Technology | |
| Sprott Physical Gold Trust | 0.06 | 0.13 | 0.21 | 64 | Financial Services |
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