Looking to balance out your exposure to CDZI? The ETFs below have the lowest correlation with CDZI — they tend to move on their own, which can help reduce risk when CDZI drops. The stock ideas table highlights individual companies that behave independently from CDZI.
No Diversifiers Found for CDZI
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 CDZI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CDZI and solid risk/return profiles. The least correlated is Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) (Utilities) with a 1Y correlation of 0.13, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Companhia de Saneamento Básico do Estado de São Pa... | 0.13 | 0.16 | 0.14 | 71 | Utilities |
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