Looking to balance out your exposure to CEG? The ETFs below have historically moved differently from CEG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CEG
115 ETFs have low correlation with CEG (below 0.3), 28 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.13, down from 0.01 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.13 | 0.01 | — | 100 | Ultrashort Bond | CEG vs SGOV | |
| Vanguard Ultra-Short Treasury ETF | -0.13 | — | — | 100 | Ultrashort Bond, Government Bonds | CEG vs VGUS | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.10 | 0.08 | — | 89 | Large Cap Value Equities, Dividend | CEG vs FDL | |
| iShares Core High Dividend ETF | -0.08 | 0.07 | — | 87 | Dividend, Large Cap Value Equities | CEG vs HDV | |
| Alerian MLP ETF | -0.08 | 0.18 | 0.29 | 55 | MLPs | CEG vs AMLP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CEG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, down from -0.13 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.13 | — | 86 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.23 | 0.01 | 0.10 | 59 | Financial Services | |
| Colgate-Palmolive Company | -0.22 | -0.10 | 0.00 | 61 | Consumer Defensive | |
| Chubb Limited | -0.20 | -0.05 | 0.09 | 87 | Financial Services | |
| VeriSign, Inc. | -0.20 | -0.03 | — | 53 | Technology |
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