Looking to diversify beyond ZTR? The mutual funds below have historically moved differently from ZTR, 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 ZTR
12 mutual funds have low correlation with ZTR (below 0.3), 0 of which are negatively correlated. The least correlated is Virtus Seix Floating Rate High Income Fund (SAMBX) (Bank Loan) with a 1Y correlation of 0.04, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.04 | 0.17 | 0.24 | 98 | Bank Loan | ZTR vs SAMBX | |
| MH Elite Small Cap Fund of Funds Fund | 0.08 | 0.09 | 0.29 | 66 | Diversified Portfolio | ZTR vs MHELX | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.14 | 0.17 | 0.20 | 83 | Diversified Portfolio | ZTR vs SIFAX | |
| Highland Funds I - Highland Opportunities and Inco... | 0.17 | 0.21 | 0.23 | 84 | Diversified Portfolio | ZTR vs HFRO | |
| The Merger Fund | 0.21 | 0.17 | 0.24 | 96 | Event Driven | ZTR vs MERFX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZTR, 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 BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.28, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | 0.28 | 0.32 | 0.42 | 95 | Financial Services |
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