Looking to balance out your exposure to CCD? The ETFs below have historically moved differently from CCD, 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 CCD
4 ETFs have low correlation with CCD (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, roughly unchanged from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.03 | -0.04 | 100 | Ultrashort Bond | CCD vs SGOV | |
| Global X MLP & Energy Infrastructure ETF | -0.08 | 0.19 | 0.29 | 69 | Infrastructure Equities, MLPs | CCD vs MLPX | |
| Franklin International Low Volatility High Dividen... | 0.20 | 0.32 | 0.36 | 97 | Dividend, Low Volatility | CCD vs LVHI | |
| VanEck AA-BB CLO ETF | 0.26 | — | — | 86 | CLO, Investment Grade Bonds, High Yield Bonds, Actively Managed | CCD vs CLOB | |
| WisdomTree Japan Opportunities ETF | 0.45 | 0.34 | 0.35 | 91 | Japan Equities, Asia Pacific Equities | CCD vs OPPJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CCD, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.29, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.29 | -0.11 | 0.01 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.20 | -0.08 | 0.02 | 66 | Communication Services | |
| Plains All American Pipeline, L.P. | -0.18 | 0.11 | 0.22 | 93 | Energy | |
| Sabra Health Care REIT, Inc. | -0.11 | 0.05 | 0.16 | 69 | Real Estate | |
| LTC Properties, Inc. | -0.11 | 0.09 | 0.14 | 75 | Real Estate |
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