Looking to balance out your exposure to CCHGY? The ETFs below have historically moved differently from CCHGY, 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 CCHGY
2 ETFs have low correlation with CCHGY (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 0.19, roughly unchanged from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.19 | 0.18 | 0.26 | 67 | S&P 500 | CCHGY vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.26 | 0.24 | 0.29 | 95 | Dividend | CCHGY vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CCHGY, 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 Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of -0.05, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | -0.05 | 0.08 | 0.15 | 69 | Basic Materials | |
| Cisco Systems, Inc. | -0.02 | 0.03 | 0.13 | 93 | Technology | |
| Lockheed Martin Corporation | 0.04 | 0.03 | 0.02 | 80 | Industrials | |
| Parker-Hannifin Corporation | 0.16 | 0.12 | 0.20 | 79 | Industrials | |
| Texas Instruments Incorporated | 0.18 | 0.14 | 0.18 | 82 | Technology |
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