Looking to balance out your exposure to CBSH? The ETFs below have the lowest correlation with CBSH — they tend to move on their own, which can help reduce risk when CBSH drops. The stock ideas table highlights individual companies that behave independently from CBSH.
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 0.29, down from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.29 | 0.41 | 0.51 | 74 | S&P 500 | CBSH vs VOO | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.42 | 0.51 | 74 | S&P 500 | CBSH vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.54 | 0.59 | 0.65 | 85 | Dividend | CBSH vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBSH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBSH and solid risk/return profiles. The least correlated is Canadian Utilities Limited (CDUAF) (Utilities) with a 1Y correlation of -0.02, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Canadian Utilities Limited | -0.02 | 0.12 | 0.15 | 91 | Utilities | |
| Altria Group, Inc. | 0.02 | 0.15 | 0.25 | 73 | Consumer Defensive | |
| Fortis Inc | 0.03 | 0.18 | 0.20 | 79 | Utilities | |
| Archer-Daniels-Midland Company | 0.03 | 0.20 | 0.31 | 94 | Consumer Defensive | |
| The Coca-Cola Company | 0.08 | 0.11 | 0.23 | 62 | Consumer Defensive |
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