Looking to diversify beyond ZROZ? The ETFs below have the lowest correlation with ZROZ — 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 ZROZ.
Best Diversifiers for ZROZ
1301 ETFs have low correlation with ZROZ (below 0.3), 99 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.22 | -0.19 | 57 | Oil & Gas | ZROZ vs DBE | |
| United States Gasoline Fund LP | -0.37 | -0.19 | -0.16 | 84 | Oil & Gas | ZROZ vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.35 | -0.19 | -0.17 | 52 | Commodities | ZROZ vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.17 | -0.16 | 54 | Commodities | ZROZ vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.33 | -0.17 | -0.14 | 56 | Commodities | ZROZ vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZROZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZROZ and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | 0.01 | 0.02 | 63 | Technology | |
| Texas Pacific Land Corporation | -0.01 | -0.02 | -0.08 | 62 | Energy | |
| Baidu, Inc. | 0.03 | 0.06 | 0.02 | 63 | Communication Services | |
| Eli Lilly and Company | 0.03 | 0.09 | 0.06 | 79 | Healthcare | |
| AGNC Investment Corp. | 0.08 | 0.12 | 0.13 | 94 | Real Estate |
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Build a portfolio that complements ZROZ
Add ZROZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ZROZ