Looking to balance out your exposure to ZTO? The ETFs below have the lowest correlation with ZTO — they tend to move on their own, which can help reduce risk when ZTO drops. The stock ideas table highlights individual companies that behave independently from ZTO.
Best Diversifiers for ZTO
2 ETFs have low correlation with ZTO (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.16, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.16 | 0.18 | 0.26 | 67 | S&P 500 | ZTO vs SPY | |
| Vanguard S&P 500 ETF | 0.16 | 0.18 | 0.26 | 68 | S&P 500 | ZTO vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZTO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZTO and solid risk/return profiles. The least correlated is International Seaways, Inc. (INSW) (Energy) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | 0.09 | 0.06 | 0.07 | 98 | Energy | |
| B2Gold Corp. | 0.14 | 0.16 | 0.16 | 53 | Basic Materials | |
| Bel Fuse Inc. | 0.14 | 0.16 | 0.16 | 95 | Technology | |
| NIO Inc. | 0.15 | 0.32 | 0.40 | 60 | Consumer Cyclical | |
| Zurn Water Solutions Corporation | 0.17 | 0.16 | 0.19 | 72 | Utilities |
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