Looking to balance out your exposure to CEG? The ETFs below have the lowest correlation with CEG — they tend to move on their own, which can help reduce risk when CEG drops. The stock ideas table highlights individual companies that behave independently from CEG.
Best Diversifiers for CEG
120 ETFs have low correlation with CEG (below 0.3), 27 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, down from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | 0.01 | — | 100 | Ultrashort Bond | CEG vs SGOV | |
| Vanguard Ultra-Short Treasury ETF | -0.11 | -0.09 | -0.09 | 100 | Ultrashort Bond, Government Bonds | CEG vs VGUS | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.10 | 0.08 | — | 87 | Large Cap Value Equities, Dividend | CEG vs FDL | |
| iShares Core High Dividend ETF | -0.08 | 0.08 | — | 85 | Dividend, Large Cap Value Equities | CEG vs HDV | |
| Alerian MLP ETF | -0.07 | 0.18 | 0.29 | 56 | MLPs | CEG vs AMLP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CEG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CEG and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.24, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.24 | -0.12 | 0.01 | 84 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.23 | -0.11 | — | 56 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.21 | 0.03 | — | 62 | Financial Services | |
| Chubb Limited | -0.20 | -0.03 | 0.09 | 82 | Financial Services | |
| Waste Management, Inc. | -0.16 | 0.01 | — | 56 | Industrials |
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Build a portfolio that complements CEG
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