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
1195 ETFs have low correlation with ZTAX (below 0.3), 1145 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Frontier Asset Absolute Return ETF | -0.23 | — | — | 90 | Multistrategy, Global Allocation | ZTAX vs FARX | |
| AB Tax-Aware Short Duration ETF | -0.22 | -0.03 | — | 83 | Municipal Bonds | ZTAX vs TAFI | |
| Alpha Architect International Quantitative Momentu... | -0.21 | -0.10 | — | 52 | Momentum, Foreign Large Cap Equities | ZTAX vs IMOM | |
| Innovator Equity Defined Protection ETF - 6 Mo Jan... | -0.21 | — | — | 97 | Defined Outcome | ZTAX vs JAJL | |
| First Trust Japan AlphaDEX Fund | -0.20 | -0.08 | -0.07 | 56 | Japan Equities, Asia Pacific Equities | ZTAX vs FJP |
See all 1195 diversifiers for ZTAX
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