Looking to balance out your exposure to CELH? The ETFs below have the lowest correlation with CELH — they tend to move on their own, which can help reduce risk when CELH drops. The stock ideas table highlights individual companies that behave independently from CELH.
Best Diversifiers for CELH
233 ETFs have low correlation with CELH (below 0.3), 11 of which are negatively correlated. The least correlated is iShares Ultra Short Duration Bond Active ETF (ICSH) (Ultrashort Bond) with a 1Y correlation of -0.06, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Ultra Short Duration Bond Active ETF | -0.06 | 0.01 | 0.04 | 99 | Ultrashort Bond | CELH vs ICSH | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.05 | 0.01 | -0.02 | 73 | Municipal Bonds | CELH vs VTES | |
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.01 | -0.04 | 100 | Ultrashort Bond | CELH vs SGOV | |
| Schwab Short-Term U.S. Treasury ETF | -0.03 | -0.00 | 0.02 | 81 | Government Bonds, Short-Term Bond | CELH vs SCHO | |
| iShares 0-5 Year TIPS Bond ETF | -0.03 | 0.05 | 0.07 | 88 | Inflation-Protected Bonds | CELH vs STIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CELH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CELH and solid risk/return profiles. The least correlated is Cenovus Energy Inc. (CVE) (Energy) with a 1Y correlation of -0.14, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.14 | 0.08 | 0.14 | 90 | Energy | |
| ConocoPhillips Company | -0.11 | 0.04 | 0.10 | 65 | Energy | |
| Diamondback Energy, Inc. | -0.11 | 0.06 | 0.14 | 75 | Energy | |
| Apache Corporation | -0.10 | 0.10 | 0.19 | 86 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.10 | 0.14 | 74 | Energy |
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