Looking to diversify beyond ZTR? The mutual funds below have the lowest correlation with ZTR — 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 ZTR.
Best Diversifiers for ZTR
11 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 0.01, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Virtus Seix Floating Rate High Income Fund | 0.01 | 0.18 | 0.24 | 97 | Bank Loan | ZTR vs SAMBX | |
| MH Elite Small Cap Fund of Funds Fund | 0.09 | 0.10 | 0.30 | 69 | Diversified Portfolio | ZTR vs MHELX | |
| Highland Funds I - Highland Opportunities and Inco... | 0.15 | 0.21 | 0.24 | 85 | Diversified Portfolio | ZTR vs HFRO | |
| SEI Institutional Managed Trust Multi-Asset Inflat... | 0.15 | 0.18 | 0.20 | 58 | Diversified Portfolio | ZTR vs SIFAX | |
| Fidelity Advisor Blue Chip Growth Fund Class Z | 0.17 | — | — | 62 | Diversified Portfolio | ZTR vs FBCKX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZTR and solid risk/return profiles. The least correlated is BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.30, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | 0.30 | 0.33 | 0.43 | 94 | Financial Services |
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