Looking to diversify beyond CCSO? The ETFs below have the lowest correlation with CCSO — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CCSO.
Best Diversifiers for CCSO
399 ETFs have low correlation with CCSO (below 0.3), 44 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.43, roughly unchanged from -0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.43 | -0.42 | -0.42 | 52 | Cryptocurrency, Leveraged Cryptocurrency | CCSO vs SBIT | |
| ProShares Short Bitcoin ETF | -0.43 | -0.37 | -0.38 | 57 | Cryptocurrency | CCSO vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 60 | Inverse Equities | CCSO vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 68 | Inverse Equities, Leveraged Equities | CCSO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 70 | Derivative Income | CCSO vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CCSO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CCSO and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.42, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.42 | 0.43 | 0.48 | 65 | Technology |
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