Looking to diversify beyond CDC? The ETFs below have the lowest correlation with CDC — 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 CDC.
Best Diversifiers for CDC
1294 ETFs have low correlation with CDC (below 0.3), 104 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.14 | -0.09 | 72 | Leveraged Currency | CDC vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.19 | -0.18 | -0.25 | 51 | Currency | CDC vs UUP | |
| ProShares Ultra Semiconductors | -0.19 | -0.00 | 0.22 | 70 | Leveraged Equities, Semiconductors | CDC vs USD | |
| ProShares Short Bitcoin ETF | -0.15 | -0.19 | — | 57 | Cryptocurrency | CDC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.15 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | CDC vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CDC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDC and solid risk/return profiles. The least correlated is Sterling Infrastructure, Inc. (STRL) (Industrials) with a 1Y correlation of 0.08, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sterling Infrastructure, Inc. | 0.08 | 0.15 | 0.28 | 92 | Industrials | |
| IAMGOLD Corporation | 0.16 | 0.17 | 0.23 | 85 | Basic Materials | |
| Eli Lilly and Company | 0.20 | 0.16 | 0.22 | 80 | Healthcare |
Build a portfolio that complements CDC
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