Looking to balance out your exposure to CELC? The ETFs below have the lowest correlation with CELC — they tend to move on their own, which can help reduce risk when CELC drops. The stock ideas table highlights individual companies that behave independently from CELC.
Best Diversifiers for CELC
2 ETFs have low correlation with CELC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.20 | 0.20 | 0.20 | 96 | Asia Pacific Equities | CELC vs EWY | |
| Invesco QQQ ETF | 0.29 | 0.24 | 0.24 | 73 | Nasdaq-100 | CELC vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CELC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CELC and solid risk/return profiles. The least correlated is AXT, Inc. (AXTI) (Technology) with a 1Y correlation of 0.04, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | 0.04 | 0.16 | 0.17 | 99 | Technology | |
| Fluence Energy, Inc. | 0.04 | 0.14 | — | 92 | Utilities | |
| First Majestic Silver Corp. | 0.04 | 0.09 | 0.09 | 87 | Basic Materials | |
| Hecla Mining Company | 0.05 | 0.13 | 0.12 | 87 | Basic Materials | |
| Franco-Nevada Corporation | 0.06 | 0.08 | 0.06 | 65 | Basic Materials |
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