Looking to balance out your exposure to ZTO? The ETFs below have historically moved differently from ZTO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.16 | 0.17 | 0.26 | 67 | S&P 500 | ZTO vs SPY | |
| Vanguard S&P 500 ETF | 0.17 | 0.18 | 0.26 | 68 | S&P 500 | ZTO vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZTO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is International Seaways, Inc. (INSW) (Energy) with a 1Y correlation of 0.09, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Seaways, Inc. | 0.09 | 0.06 | 0.06 | 99 | Energy | |
| CSW Industrials Inc | 0.12 | 0.11 | 0.11 | 62 | Industrials | |
| Bel Fuse Inc. | 0.13 | 0.15 | 0.16 | 90 | Technology | |
| B2Gold Corp. | 0.14 | 0.16 | 0.16 | 52 | Basic Materials | |
| United Parcel Service, Inc. | 0.15 | 0.21 | 0.22 | 73 | Industrials |
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