Looking to diversify beyond CDX? The ETFs below have the lowest correlation with CDX — 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 CDX.
Best Diversifiers for CDX
1266 ETFs have low correlation with CDX (below 0.3), 59 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, down from -0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.20 | — | 63 | Leveraged Currency | CDX vs YCS | |
| VanEck Commodity Strategy ETF | -0.27 | -0.07 | — | 57 | Commodities | CDX vs PIT | |
| United States Gasoline Fund LP | -0.27 | -0.07 | -0.02 | 55 | Oil & Gas | CDX vs UGA | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.25 | -0.08 | — | 50 | Commodities | CDX vs CMDT | |
| Fidelity Managed Futures ETF | -0.25 | — | — | 64 | Systematic Trend | CDX vs FFUT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hercules Capital, Inc. | -0.01 | 0.02 | — | 71 | ||
| Verizon Communications Inc. | 0.01 | -0.03 | 0.08 | 66 | Communication Services | |
| Easterly Government Properties, Inc. | 0.10 | 0.15 | 0.21 | 63 | Real Estate | |
| BlackRock Science and Technology Trust II | 0.12 | 0.16 | — | 94 | Financial Services | |
| Genco Shipping & Trading Limited | 0.12 | 0.07 | 0.10 | 93 | Industrials |
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