Looking to balance out your exposure to CERS? The ETFs below have the lowest correlation with CERS — they tend to move on their own, which can help reduce risk when CERS drops. The stock ideas table highlights individual companies that behave independently from CERS.
No Diversifiers Found for CERS
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CERS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CERS and solid risk/return profiles. The least correlated is TechnipFMC plc (FTI) (Energy) 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 |
|---|---|---|---|---|---|---|
| TechnipFMC plc | 0.04 | 0.15 | 0.17 | 96 | Energy | |
| Quest Diagnostics Incorporated | 0.16 | 0.16 | 0.22 | 59 | Healthcare | |
| Canadian Imperial Bank of Commerce | 0.32 | 0.34 | 0.31 | 95 | Financial Services | |
| Veracyte, Inc. | 0.47 | 0.50 | 0.57 | 79 | Healthcare |
Build a portfolio that complements CERS
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