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
1083 ETFs have low correlation with CDC (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.13 | -0.08 | 63 | Leveraged Currency | CDC vs YCS | |
| ProShares Ultra Semiconductors | -0.13 | 0.03 | 0.23 | 82 | Leveraged Equities, Semiconductors | CDC vs USD | |
| GraniteShares 2x Long MU Daily ETF | -0.10 | 0.05 | 0.05 | 98 | Leveraged Equities | CDC vs MULL | |
| Columbia Select Technology ETF | -0.08 | 0.12 | 0.30 | 70 | Semiconductors, Technology Equities | CDC vs SEMI | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.08 | -0.03 | -0.03 | 97 | Inflation-Protected Bonds | CDC vs RBIL |
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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 0.13, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sterling Infrastructure, Inc. | 0.13 | 0.17 | 0.30 | 96 | Industrials | |
| Eli Lilly and Company | 0.15 | 0.14 | 0.22 | 74 | Healthcare | |
| IAMGOLD Corporation | 0.16 | 0.18 | 0.23 | 82 | Basic Materials |
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