Looking to balance out your exposure to CDRE? The ETFs below have the lowest correlation with CDRE — they tend to move on their own, which can help reduce risk when CDRE drops. The stock ideas table highlights individual companies that behave independently from CDRE.
No Diversifiers Found for CDRE
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CDRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDRE and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.20, roughly unchanged from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.20 | 0.17 | — | 51 | Industrials | |
| CECO Environmental Corp. | 0.36 | 0.32 | — | 93 | Industrials | |
| Textron Inc. | 0.39 | 0.38 | — | 66 | Industrials | |
| Hexcel Corporation | 0.44 | 0.35 | — | 86 | Industrials | |
| BWX Technologies, Inc. | 0.52 | 0.43 | — | 73 | Industrials |
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