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 0.13, 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 | 0.13 | 0.13 | 0.21 | 60 | Nasdaq-100 | CCHGY vs QQQM | |
| State Street SPDR S&P 500 ETF | 0.20 | 0.18 | 0.26 | 59 | S&P 500 | CCHGY vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.22 | 0.29 | 77 | Dividend | CCHGY vs SCHD |
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 Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | -0.01 | 0.02 | 0.02 | 51 | Industrials | |
| Dow Inc. | 0.01 | 0.10 | 0.17 | 55 | Basic Materials | |
| Cisco Systems, Inc. | 0.04 | 0.04 | 0.15 | 93 | Technology | |
| Parker-Hannifin Corporation | 0.16 | 0.11 | 0.20 | 82 | Industrials | |
| Altria Group, Inc. | 0.20 | 0.19 | 0.19 | 72 | Consumer Defensive |
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