Looking to balance out your exposure to ZWS? The ETFs below have the lowest correlation with ZWS — they tend to move on their own, which can help reduce risk when ZWS drops. The stock ideas table highlights individual companies that behave independently from ZWS.
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 0.48, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.48 | 0.56 | 0.61 | 67 | S&P 500 | ZWS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZWS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZWS and solid risk/return profiles. The least correlated is Peabody Energy Corporation (BTU) (Energy) with a 1Y correlation of -0.02, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Peabody Energy Corporation | -0.02 | 0.10 | 0.17 | 72 | Energy | |
| Essential Utilities, Inc. | 0.02 | 0.18 | 0.26 | 54 | Utilities | |
| California Water Service Group | 0.09 | 0.21 | 0.27 | 58 | Utilities | |
| American States Water Company | 0.09 | 0.23 | 0.28 | 66 | Utilities | |
| ZTO Express (Cayman) Inc. | 0.17 | 0.16 | 0.19 | 75 | Industrials |
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