Looking to diversify beyond ZTAX? The ETFs below have the lowest correlation with ZTAX — 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 ZTAX.
Best Diversifiers for ZTAX
1109 ETFs have low correlation with ZTAX (below 0.3), 1062 of which are negatively correlated. The least correlated is Leverage Shares 2X Long ARM Daily ETF (ARMG) (Leveraged Equities) with a 1Y correlation of -0.20, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2X Long ARM Daily ETF | -0.20 | -0.12 | -0.12 | 51 | Leveraged Equities | ZTAX vs ARMG | |
| Frontier Asset Absolute Return ETF | -0.20 | — | — | 84 | Multistrategy, Global Allocation | ZTAX vs FARX | |
| First Trust Japan AlphaDEX Fund | -0.19 | -0.07 | -0.07 | 54 | Japan Equities | ZTAX vs FJP | |
| AB Tax-Aware Short Duration ETF | -0.18 | -0.01 | — | 83 | Municipal Bonds | ZTAX vs TAFI | |
| Innovator Equity Defined Protection ETF - 6 Mo Jan... | -0.18 | -0.07 | -0.07 | 96 | Defined Outcome | ZTAX vs JAJL |
See all 1109 diversifiers for ZTAX
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