Looking to balance out your exposure to ZS? The ETFs below have the lowest correlation with ZS — they tend to move on their own, which can help reduce risk when ZS drops. The stock ideas table highlights individual companies that behave independently from ZS.
Best Diversifiers for ZS
13 ETFs have low correlation with ZS (below 0.3), 2 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of -0.06, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | -0.06 | 0.19 | 0.28 | 80 | Dividend | ZS vs SCHD | |
| State Street Energy Select Sector SPDR ETF | -0.05 | 0.06 | 0.09 | 63 | Energy Equities | ZS vs XLE | |
| Vanguard Mid-Cap Value ETF | 0.06 | 0.25 | 0.34 | 61 | Mid Cap Value Equities | ZS vs VOE | |
| Avantis International Small Cap Value ETF | 0.09 | 0.27 | 0.33 | 78 | Foreign Small & Mid Cap Equities | ZS vs AVDV | |
| Vanguard Short-Term Inflation-Protected Securities... | 0.11 | 0.08 | 0.10 | 93 | Inflation-Protected Bonds | ZS vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZS and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.23 | -0.07 | 0.01 | 66 | Consumer Defensive | |
| PepsiCo, Inc. | -0.22 | -0.06 | 0.02 | 56 | Consumer Defensive | |
| The Hershey Company | -0.21 | -0.06 | -0.03 | 55 | Consumer Defensive | |
| Verizon Communications Inc. | -0.18 | -0.08 | -0.04 | 59 | Communication Services | |
| Johnson & Johnson | -0.18 | -0.08 | -0.04 | 92 | Healthcare |
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Build a portfolio that complements ZS
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