For large files, it is frequent to obtain much higher compression ratios when using a preprocessing method, e.g. by using lrzip (which invokes internal or external standard compressors after preprocessing the input to find long-range similarities).

For instance, "lrzip -b", which uses bzip2 for compression, typically achieves much higher compression ratios on big files than using either xz or zstd alone. Of course, you can also use lrzip with xz or zstd, with various parameters, but among the many existing possibilities you must find an optimum compromise between compression ratio and compression/decompression times.