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
0 ETFs have low correlation with CCB (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.42, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.42 | 0.39 | 0.44 | 59 | 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | 0.00 | 0.05 | 0.10 | 69 | Consumer Defensive | |
| Agnico Eagle Mines Limited | 0.04 | 0.06 | 0.06 | 62 | Basic Materials | |
| Welltower Inc. | 0.05 | 0.17 | 0.23 | 86 | Real Estate | |
| SSR Mining Inc. | 0.08 | 0.13 | 0.13 | 86 | Basic Materials | |
| Applied Optoelectronics, Inc. | 0.11 | 0.20 | 0.19 | 95 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CCB
Add CCB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CCB