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
964 ETFs have low correlation with CDC (below 0.3), 44 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 | -0.12 | -0.08 | 61 | Leveraged Currency | CDC vs YCS | |
| YieldMax NVDA Option Income Strategy ETF | -0.13 | -0.02 | — | 52 | Options Trading | CDC vs NVDY | |
| Defiance Daily Target 2X Long AVGO ETF | -0.08 | 0.02 | 0.02 | 50 | Leveraged Equities | CDC vs AVGX | |
| iShares Government Money Market ETF | -0.08 | — | — | 100 | Money Market | CDC vs GMMF | |
| Leverage Shares 2X Long AVGO Daily ETF | -0.08 | -0.07 | -0.07 | 53 | Leveraged Equities | CDC vs AVGG |
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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 Construction Company, Inc. (STRL) (Industrials) with a 1Y correlation of 0.13, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sterling Construction Company, Inc. | 0.13 | 0.18 | 0.31 | 97 | Industrials | |
| IAMGOLD Corporation | 0.14 | 0.18 | 0.24 | 84 | Basic Materials | |
| Eli Lilly and Company | 0.18 | 0.15 | 0.22 | 72 | Healthcare |
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