Looking to balance out your exposure to CALM? The ETFs below have the lowest correlation with CALM — they tend to move on their own, which can help reduce risk when CALM drops. The stock ideas table highlights individual companies that behave independently from CALM.
Best Diversifiers for CALM
17 ETFs have low correlation with CALM (below 0.3), 9 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.12, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.12 | 0.04 | 0.09 | 54 | Technology Equities | CALM vs XLK | |
| Vanguard Information Technology ETF | -0.11 | 0.06 | 0.10 | 50 | Technology Equities | CALM vs VGT | |
| VanEck Semiconductor ETF | -0.09 | 0.02 | 0.07 | 90 | Semiconductors, Technology Equities | CALM vs SMH | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.07 | 0.06 | — | 60 | Nasdaq-100, Derivative Income | CALM vs JEPQ | |
| Global X NASDAQ 100 Covered Call ETF | -0.07 | 0.06 | 0.10 | 85 | Nasdaq-100, Derivative Income | CALM vs QYLD |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CALM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CALM and solid risk/return profiles. The least correlated is Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of -0.24, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | -0.24 | -0.03 | 0.00 | 77 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.17 | -0.04 | 0.03 | 89 | Technology | |
| Amphenol Corporation | -0.17 | 0.04 | 0.08 | 77 | Technology | |
| Fabrinet | -0.16 | -0.05 | 0.02 | 71 | Technology | |
| Nebius Group N.V. | -0.16 | — | — | 91 | Communication Services |
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Build a portfolio that complements CALM
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