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
5 ETFs have low correlation with CCOI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Health Care Select Sector SPDR ETF (XLV) (Health & Biotech Equities) with a 1Y correlation of 0.09, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Health Care Select Sector SPDR ETF | 0.09 | 0.17 | 0.26 | 50 | Health & Biotech Equities | CCOI vs XLV | |
| Xtrackers Harvest CSI 300 China A-Shares ETF | 0.11 | 0.11 | 0.13 | 56 | China Equities, Asia Pacific Equities | CCOI vs ASHR | |
| Global X Copper Miners ETF | 0.11 | 0.18 | 0.21 | 56 | Copper | CCOI vs COPX | |
| Invesco DB Base Metals Fund | 0.14 | 0.16 | 0.15 | 64 | Metals | CCOI vs DBB | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.30 | 0.37 | 65 | S&P 500 | CCOI vs SPY |
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 -0.09, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | -0.09 | 0.08 | 0.13 | 87 | Energy | |
| Cheniere Energy, Inc. | -0.06 | 0.07 | 0.11 | 57 | Energy | |
| Enbridge Inc. | -0.04 | 0.10 | 0.18 | 88 | Energy | |
| Equinor ASA | -0.03 | 0.04 | 0.05 | 77 | Energy | |
| Verizon Communications Inc. | -0.02 | 0.11 | 0.18 | 61 | Communication Services |
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