Looking to balance out your exposure to CCB? The ETFs below have the lowest correlation with CCB — they tend to move on their own, which can help reduce risk when CCB drops. The stock ideas table highlights individual companies that behave independently from CCB.
Best Diversifiers for CCB
1 ETFs have low correlation with CCB (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax NVDA Option Income Strategy ETF (NVDY) (Derivative Income) with a 1Y correlation of 0.21, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax NVDA Option Income Strategy ETF | 0.21 | 0.16 | — | 52 | Derivative Income, Options Trading | CCB vs NVDY | |
| State Street SPDR S&P 500 ETF | 0.46 | 0.40 | 0.44 | 70 | S&P 500 | CCB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCB and solid risk/return profiles. The least correlated is Agnico Eagle Mines Limited (AEM) (Basic Materials) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agnico Eagle Mines Limited | -0.01 | 0.06 | 0.06 | 66 | Basic Materials | |
| Welltower Inc. | 0.02 | 0.17 | 0.23 | 79 | Real Estate | |
| Walmart Inc. | 0.02 | 0.05 | 0.11 | 63 | Consumer Defensive | |
| SSR Mining Inc. | 0.05 | 0.13 | 0.13 | 86 | Basic Materials | |
| Elbit Systems Ltd | 0.07 | 0.11 | 0.14 | 88 | Industrials |
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