Looking to balance out your exposure to ZTS? The ETFs below have the lowest correlation with ZTS — they tend to move on their own, which can help reduce risk when ZTS drops. The stock ideas table highlights individual companies that behave independently from ZTS.
Best Diversifiers for ZTS
14 ETFs have low correlation with ZTS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.03, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.03 | 0.12 | 0.36 | 63 | Technology Equities | ZTS vs XLK | |
| iShares Treasury Floating Rate Bond ETF | 0.03 | -0.02 | -0.04 | 100 | Government Bonds, Ultrashort Bond | ZTS vs TFLO | |
| State Street Energy Select Sector SPDR ETF | 0.04 | 0.11 | 0.14 | 50 | Energy Equities | ZTS vs XLE | |
| Vanguard Information Technology ETF | 0.04 | 0.13 | 0.37 | 57 | Technology Equities | ZTS vs VGT | |
| iShares Expanded Tech Sector ETF | 0.05 | 0.13 | 0.36 | 62 | Technology Equities | ZTS vs IGM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZTS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZTS and solid risk/return profiles. The least correlated is Applied Digital Corporation (APLD) (Technology) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Digital Corporation | -0.08 | 0.06 | 0.13 | 90 | Technology | |
| Advanced Micro Devices, Inc. | -0.05 | 0.04 | 0.21 | 97 | Technology | |
| Broadcom Inc. | -0.04 | 0.06 | 0.24 | 71 | Technology | |
| Vertiv Holdings Co. | -0.03 | 0.02 | 0.20 | 93 | Industrials | |
| Quanta Services, Inc. | -0.02 | 0.14 | 0.26 | 89 | Industrials |
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