Looking to diversify beyond ZSL? The ETFs below have the lowest correlation with ZSL — 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 ZSL.
Best Diversifiers for ZSL
1666 ETFs have low correlation with ZSL (below 0.3), 1628 of which are negatively correlated. The least correlated is abrdn Physical Silver Shares ETF (SIVR) (Silver) with a 1Y correlation of -0.99, roughly unchanged from -0.99 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Physical Silver Shares ETF | -0.99 | -0.99 | -0.99 | 52 | Silver, Precious Metals | ZSL vs SIVR | |
| iShares Silver Trust | -0.99 | -0.99 | -0.99 | 52 | Silver, Precious Metals | ZSL vs SLV | |
| UBS ETRACS Silver Shares Covered Call ETN | -0.86 | — | — | 70 | Silver, Derivative Income, Precious Metals | ZSL vs SLVO | |
| Sprott Silver Miners & Physical Silver ETF | -0.85 | — | — | 60 | Silver, Precious Metals | ZSL vs SLVR | |
| Themes Silver Miners ETF | -0.83 | -0.81 | -0.81 | 67 | Silver, Precious Metals | ZSL vs AGMI |
See all 1666 diversifiers for ZSL
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Diversification Analysis
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