Looking to balance out your exposure to CE? The ETFs below have the lowest correlation with CE — they tend to move on their own, which can help reduce risk when CE drops. The stock ideas table highlights individual companies that behave independently from CE.
Best Diversifiers for CE
7 ETFs have low correlation with CE (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.00, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | 0.00 | -0.00 | 100 | Ultrashort Bond | CE vs SGOV | |
| VanEck Semiconductor ETF | 0.20 | 0.26 | 0.36 | 96 | Semiconductors, Technology Equities | CE vs SMH | |
| iShares Core MSCI Emerging Markets ETF | 0.23 | 0.36 | 0.43 | 79 | Emerging Markets Diversified | CE vs IEMG | |
| Vanguard S&P 500 ETF | 0.24 | 0.36 | 0.48 | 70 | S&P 500 | CE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.35 | 0.48 | 70 | S&P 500 | CE vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.06 | 0.21 | 78 | Technology | |
| Broadcom Inc. | 0.02 | 0.14 | 0.26 | 84 | Technology | |
| Eli Lilly and Company | 0.03 | 0.04 | 0.08 | 72 | Healthcare | |
| Alphabet Inc. Class A | 0.04 | 0.14 | 0.25 | 96 | Communication Services | |
| The Toronto-Dominion Bank | 0.07 | 0.27 | 0.41 | 97 | Financial Services |
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