Looking to balance out your exposure to CCS? The ETFs below have the lowest correlation with CCS — they tend to move on their own, which can help reduce risk when CCS drops. The stock ideas table highlights individual companies that behave independently from CCS.
Best Diversifiers for CCS
5 ETFs have low correlation with CCS (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.06 | 0.14 | 0.21 | 59 | Energy Equities | CCS vs XLE | |
| VanEck Semiconductor ETF | 0.17 | 0.26 | 0.39 | 90 | Semiconductors, Technology Equities | CCS vs SMH | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.18 | 0.29 | 0.41 | 91 | Leveraged Equities, Semiconductors | CCS vs SOXL | |
| Invesco QQQ ETF | 0.20 | 0.31 | 0.43 | 53 | Nasdaq-100 | CCS vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.22 | 0.31 | — | 60 | Nasdaq-100, Derivative Income | CCS vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCS and solid risk/return profiles. The least correlated is SM Energy Company (SM) (Energy) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| SM Energy Company | -0.08 | 0.10 | 0.19 | 58 | Energy | |
| NVIDIA Corporation | -0.07 | 0.11 | 0.27 | 63 | Technology | |
| Argan, Inc. | -0.02 | 0.10 | 0.19 | 92 | Industrials | |
| Bank of America Corporation | 0.23 | 0.30 | 0.35 | 83 | Financial Services | |
| Plexus Corp. | 0.30 | 0.38 | 0.43 | 90 | Technology |
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Build a portfolio that complements CCS
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