Looking to balance out your exposure to ZYME? The ETFs below have the lowest correlation with ZYME — they tend to move on their own, which can help reduce risk when ZYME drops. The stock ideas table highlights individual companies that behave independently from ZYME.
Best Diversifiers for ZYME
0 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 0.30, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.31 | 0.27 | 63 | S&P 500 | ZYME vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ZYME, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ZYME and solid risk/return profiles. The least correlated is Perdoceo Education Corporation (PRDO) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Perdoceo Education Corporation | -0.03 | 0.09 | 0.12 | 53 | Consumer Defensive | |
| Popular, Inc. | 0.06 | 0.17 | 0.16 | 89 | Financial Services | |
| Old Republic International Corporation | 0.06 | 0.13 | 0.11 | 69 | Financial Services | |
| Teekay Tankers Ltd. | 0.06 | 0.03 | 0.08 | 84 | Energy | |
| Essent Group Ltd. | 0.08 | 0.18 | 0.18 | 54 | Financial Services |
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