Looking to balance out your exposure to CET? The ETFs below have historically moved differently from CET, 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 CET
8 ETFs have low correlation with CET (below 0.3), 3 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CET vs BIL | |
| VanEck Commodity Strategy ETF | -0.04 | 0.05 | — | 88 | Commodities | CET vs PIT | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.03 | -0.02 | 100 | Ultrashort Bond | CET vs SGOV | |
| JPMorgan Ultra-Short Income ETF | 0.18 | 0.12 | 0.08 | 99 | Ultrashort Bond | CET vs JPST | |
| Invesco Ultra Short Duration ETF | 0.20 | 0.12 | 0.09 | 99 | Ultrashort Bond | CET vs GSY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CET, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.14, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.14 | -0.01 | 0.11 | 52 | Utilities | |
| Walmart Inc. | 0.01 | 0.13 | 0.22 | 60 | Consumer Defensive | |
| Casey's General Stores, Inc. | 0.12 | 0.21 | 0.29 | 93 | Consumer Defensive | |
| NextEra Energy, Inc. | 0.12 | 0.19 | 0.28 | 77 | Utilities | |
| Berkshire Hathaway Inc. | 0.13 | 0.34 | 0.50 | 61 | Financial Services |
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