Looking to balance out your exposure to CCJ? The ETFs below have the lowest correlation with CCJ — they tend to move on their own, which can help reduce risk when CCJ drops. The stock ideas table highlights individual companies that behave independently from CCJ.
Best Diversifiers for CCJ
77 ETFs have low correlation with CCJ (below 0.3), 19 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.13, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.08 | -0.03 | 100 | Government Bonds, Ultrashort Bond | CCJ vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.05 | -0.03 | 100 | Ultrashort Bond | CCJ vs SGOV | |
| Alpha Architect 1-3 Month Box ETF | -0.08 | -0.01 | — | 100 | Ultrashort Bond | CCJ vs BOXX | |
| iShares Treasury Floating Rate Bond ETF | -0.06 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CCJ vs TFLO | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | 0.01 | -0.03 | 100 | Government Bonds, Ultrashort Bond | CCJ vs USFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCJ and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.15 | -0.03 | 0.06 | 59 | Communication Services | |
| Duke Energy Corporation | -0.15 | -0.03 | 0.02 | 53 | Utilities | |
| The Coca-Cola Company | -0.14 | -0.07 | 0.03 | 66 | Consumer Defensive | |
| PepsiCo, Inc. | -0.11 | -0.07 | 0.01 | 56 | Consumer Defensive | |
| Equinor ASA | -0.10 | 0.15 | 0.27 | 82 | Energy |
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Build a portfolio that complements CCJ
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