Looking to balance out your exposure to ZTS? The ETFs below have historically moved differently from ZTS, 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 ZTS
15 ETFs have low correlation with ZTS (below 0.3), 4 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.02, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.02 | 0.10 | 0.34 | 62 | Technology Equities | ZTS vs XLK | |
| iShares Semiconductor ETF | -0.02 | 0.10 | 0.29 | 90 | Semiconductors, Technology Equities | ZTS vs SOXX | |
| Invesco S&P 500 Momentum ETF | -0.01 | 0.15 | 0.32 | 51 | Momentum, S&P 500 | ZTS vs SPMO | |
| VanEck Semiconductor ETF | -0.01 | 0.08 | 0.28 | 88 | Semiconductors, Technology Equities | ZTS vs SMH | |
| State Street Energy Select Sector SPDR ETF | 0.00 | 0.10 | 0.14 | 75 | Energy Equities | ZTS vs XLE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZTS, 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 Applied Digital Corporation (APLD) (Technology) with a 1Y correlation of -0.11, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Digital Corporation | -0.11 | 0.05 | 0.13 | 82 | Technology | |
| Advanced Micro Devices, Inc. | -0.10 | 0.02 | 0.18 | 94 | Technology | |
| Quanta Services, Inc. | -0.08 | 0.13 | 0.24 | 87 | Industrials | |
| Broadcom Inc. | -0.07 | 0.04 | 0.23 | 68 | Technology | |
| Vertiv Holdings Co. | -0.05 | 0.02 | 0.20 | 81 | Industrials |
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