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
265 ETFs have low correlation with CELH (below 0.3), 17 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.32, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.32 | -0.32 | -0.32 | 99 | Leveraged Equities, Semiconductors | CELH vs MUU | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.14 | 0.07 | 0.11 | 60 | Commodities | CELH vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.13 | 0.07 | 0.12 | 59 | Commodities | CELH vs DBC | |
| iShares Global Energy ETF | -0.11 | 0.11 | 0.16 | 61 | Energy Equities | CELH vs IXC | |
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.10 | 0.15 | 54 | Energy Equities | CELH vs XLE |
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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 -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cenovus Energy Inc. | -0.17 | 0.08 | 0.14 | 93 | Energy | |
| Diamondback Energy, Inc. | -0.13 | 0.05 | 0.13 | 78 | Energy | |
| Apache Corporation | -0.13 | 0.10 | 0.18 | 87 | Energy | |
| BP p.l.c. | -0.12 | 0.08 | 0.13 | 78 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.09 | 0.14 | 76 | Energy |
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