Looking to balance out your exposure to ZWS? The ETFs below have historically moved differently from ZWS, 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 ZWS
0 ETFs have low correlation with ZWS (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 0.43, down from 0.60 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 | 0.43 | 0.55 | 0.60 | 67 | S&P 500 | ZWS vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZWS, 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 Peabody Energy Corporation (BTU) (Energy) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Peabody Energy Corporation | -0.02 | 0.09 | 0.16 | 62 | Energy | |
| Essential Utilities, Inc. | 0.05 | 0.18 | 0.27 | 62 | Utilities | |
| American States Water Company | 0.10 | 0.23 | 0.28 | 75 | Utilities | |
| California Water Service Group | 0.11 | 0.21 | 0.27 | 61 | Utilities | |
| Select Energy Services, Inc. | 0.14 | 0.26 | 0.25 | 92 | Energy |
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