Looking to balance out your exposure to CBSH? The ETFs below have historically moved differently from CBSH, 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 CBSH
2 ETFs have low correlation with CBSH (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.20, down from 0.49 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.38 | 0.49 | 68 | S&P 500 | CBSH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.39 | 0.49 | 67 | S&P 500 | CBSH vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.52 | 0.57 | 0.64 | 95 | Dividend | CBSH vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CBSH, 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 Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of -0.06, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.06 | 0.11 | 0.14 | 98 | Utilities | |
| Archer-Daniels-Midland Company | 0.00 | 0.16 | 0.29 | 90 | Consumer Defensive | |
| Walmart Inc. | 0.10 | 0.14 | 0.19 | 62 | Consumer Defensive | |
| The Coca-Cola Company | 0.10 | 0.13 | 0.23 | 90 | Consumer Defensive | |
| Consolidated Edison, Inc. | 0.11 | 0.17 | 0.21 | 59 | Utilities |
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