Looking to balance out your exposure to CDTX? The ETFs below have the lowest correlation with CDTX — they tend to move on their own, which can help reduce risk when CDTX drops. The stock ideas table highlights individual companies that behave independently from CDTX.
Best Diversifiers for CDTX
1 ETFs have low correlation with CDTX (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.03, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.03 | 0.08 | 0.12 | 87 | Materials | CDTX vs REMX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CDTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDTX and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.09, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.09 | 0.05 | 0.09 | 84 | Technology | |
| Barrick Mining Corporation | -0.08 | 0.03 | 0.03 | 88 | Basic Materials | |
| Micron Technology, Inc. | -0.07 | 0.09 | 0.11 | 99 | Technology | |
| AngloGold Ashanti Limited | -0.07 | 0.03 | 0.03 | 81 | Basic Materials | |
| Seagate Technology plc | -0.07 | 0.03 | 0.08 | 99 | Technology |
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