Looking to balance out your exposure to CDRO? The ETFs below have the lowest correlation with CDRO — they tend to move on their own, which can help reduce risk when CDRO drops. The stock ideas table highlights individual companies that behave independently from CDRO.
No Diversifiers Found for CDRO
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 CDRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDRO and solid risk/return profiles. The least correlated is Applied Optoelectronics, Inc. (AAOI) (Technology) with a 1Y correlation of 0.10, roughly unchanged from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.10 | 0.12 | — | 98 | Technology | |
| Astera Labs, Inc. | 0.12 | — | — | 89 | Technology |
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