Looking to balance out your exposure to ZYME? The ETFs below have historically moved differently from ZYME, 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 ZYME
1 ETFs have low correlation with ZYME (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 0.28, roughly unchanged from 0.27 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 | 0.28 | 0.31 | 0.27 | 67 | S&P 500 | ZYME vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ZYME, 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 Perdoceo Education Corporation (PRDO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Perdoceo Education Corporation | -0.03 | 0.10 | 0.11 | 55 | Consumer Defensive | |
| Popular, Inc. | 0.02 | 0.17 | 0.15 | 92 | Financial Services | |
| NMI Holdings, Inc. | 0.03 | 0.14 | 0.16 | 67 | Financial Services | |
| Teekay Tankers Ltd. | 0.03 | 0.03 | 0.08 | 93 | Energy | |
| Old Republic International Corporation | 0.04 | 0.13 | 0.11 | 77 | Financial Services |
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