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
1335 ETFs have low correlation with ZROZ (below 0.3), 106 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.38 | -0.39 | 61 | Leveraged Currency | ZROZ vs YCS | |
| Invesco DB Energy Fund | -0.37 | -0.21 | -0.19 | 71 | Oil & Gas | ZROZ vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.36 | -0.26 | -0.26 | 56 | Derivative Income | ZROZ vs USOY | |
| United States Gasoline Fund LP | -0.35 | -0.18 | -0.16 | 69 | Oil & Gas | ZROZ vs UGA | |
| United States Brent Oil Fund LP | -0.35 | -0.20 | -0.20 | 65 | Oil & Gas | ZROZ vs BNO |
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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 -0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.05 | 0.01 | 0.02 | 78 | Technology | |
| Baidu, Inc. | 0.01 | 0.07 | 0.01 | 72 | Communication Services | |
| Eli Lilly and Company | 0.04 | 0.08 | 0.06 | 72 | Healthcare | |
| AGNC Investment Corp. | 0.09 | 0.13 | 0.13 | 89 | Real Estate | |
| Sprott Physical Gold Trust | 0.11 | 0.16 | 0.21 | 70 | Financial Services |
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Build a portfolio that complements ZROZ
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