Looking to balance out your exposure to CELH? The ETFs below have historically moved differently from CELH, 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 CELH
294 ETFs have low correlation with CELH (below 0.3), 17 of which are negatively correlated. The least correlated is SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (Energy Equities) with a 1Y correlation of -0.19, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.19 | 0.09 | 0.18 | 60 | Energy Equities | CELH vs XOP | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.18 | 0.05 | 0.10 | 70 | Commodities | CELH vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.17 | 0.06 | 0.10 | 68 | Commodities | CELH vs DBC | |
| KFA Mount Lucas Index Strategy ETF | -0.16 | -0.06 | -0.11 | 51 | Systematic Trend | CELH vs KMLM | |
| iShares Global Energy ETF | -0.16 | 0.10 | 0.15 | 81 | Energy Equities | CELH vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CELH, 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 Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.21, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.21 | 0.07 | 0.12 | 95 | Energy | |
| Diamondback Energy, Inc. | -0.18 | 0.03 | 0.12 | 78 | Energy | |
| Apache Corporation | -0.17 | 0.09 | 0.17 | 91 | Energy | |
| BP p.l.c. | -0.16 | 0.07 | 0.11 | 83 | Energy | |
| Ovintiv Inc. | -0.16 | 0.09 | 0.17 | 86 | Energy |
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