Looking to balance out your exposure to C? The ETFs below have the lowest correlation with C — they tend to move on their own, which can help reduce risk when C drops. The stock ideas table highlights individual companies that behave independently from C.
Best Diversifiers for C
70 ETFs have low correlation with C (below 0.3), 21 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.12, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.12 | -0.01 | 0.04 | 89 | Inflation-Protected Bonds | C vs VTIP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.10 | -0.05 | 100 | Government Bonds, Ultrashort Bond | C vs BIL | |
| Vanguard Ultra-Short Treasury ETF | -0.10 | — | — | 100 | Ultrashort Bond, Government Bonds | C vs VGUS | |
| Invesco DB Commodity Index Tracking Fund | -0.09 | 0.02 | 0.16 | 56 | Commodities | C vs DBC | |
| iShares 0-5 Year TIPS Bond ETF | -0.09 | 0.00 | 0.05 | 91 | Inflation-Protected Bonds | C vs STIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from C, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to C and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | 0.01 | 0.15 | 80 | Consumer Defensive | |
| Duke Energy Corporation | -0.21 | 0.01 | 0.08 | 64 | Utilities | |
| The Coca-Cola Company | -0.19 | 0.02 | 0.14 | 84 | Consumer Defensive | |
| Philip Morris International Inc. | -0.14 | 0.08 | 0.20 | 52 | Consumer Defensive | |
| The Southern Company | -0.14 | 0.03 | 0.10 | 56 | Utilities |
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