Looking to balance out your exposure to CCOI? The ETFs below have the lowest correlation with CCOI — they tend to move on their own, which can help reduce risk when CCOI drops. The stock ideas table highlights individual companies that behave independently from CCOI.
Best Diversifiers for CCOI
6 ETFs have low correlation with CCOI (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) (China Equities) with a 1Y correlation of 0.11, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.11 | 0.11 | 0.13 | 72 | China Equities | CCOI vs ASHR | |
| Global X Copper Miners ETF | 0.13 | 0.19 | 0.21 | 56 | Copper | CCOI vs COPX | |
| Invesco DB Base Metals Fund | 0.14 | 0.16 | 0.14 | 52 | Metals | CCOI vs DBB | |
| VanEck Rare Earth and Strategic Metals ETF | 0.23 | 0.24 | 0.24 | 82 | Rare Earth & Strategic Metals | CCOI vs REMX | |
| Invesco Solar ETF | 0.29 | 0.26 | 0.30 | 65 | Alternative Energy Equities | CCOI vs TAN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCOI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCOI and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of -0.07, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.07 | 0.10 | 0.14 | 81 | Energy | |
| Equinor ASA | -0.01 | 0.05 | 0.05 | 68 | Energy | |
| Agnico Eagle Mines Limited | 0.02 | 0.09 | 0.09 | 60 | Basic Materials | |
| Verizon Communications Inc. | 0.03 | 0.13 | 0.19 | 62 | Communication Services | |
| Osisko Gold Royalties Ltd | 0.07 | 0.12 | 0.12 | 58 | Basic Materials |
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