Looking to balance out your exposure to CCHGY? The ETFs below have the lowest correlation with CCHGY — they tend to move on their own, which can help reduce risk when CCHGY drops. The stock ideas table highlights individual companies that behave independently from CCHGY.
Best Diversifiers for CCHGY
3 ETFs have low correlation with CCHGY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.16, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.16 | 0.13 | 0.21 | 74 | Nasdaq-100 | CCHGY vs QQQM | |
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.23 | 0.29 | 80 | Dividend | CCHGY vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.18 | 0.26 | 70 | S&P 500 | CCHGY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCHGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCHGY and solid risk/return profiles. The least correlated is Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of 0.05, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | 0.05 | 0.04 | 0.15 | 95 | Technology | |
| Dow Inc. | 0.05 | 0.11 | 0.18 | 60 | Basic Materials | |
| Parker-Hannifin Corporation | 0.14 | 0.11 | 0.20 | 72 | Industrials | |
| Altria Group, Inc. | 0.19 | 0.19 | 0.19 | 69 | Consumer Defensive | |
| Duke Energy Corporation | 0.20 | 0.20 | 0.18 | 53 | Utilities |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CCHGY
Add CCHGY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CCHGY