Looking to balance out your exposure to CET? The ETFs below have the lowest correlation with CET — they tend to move on their own, which can help reduce risk when CET drops. The stock ideas table highlights individual companies that behave independently from CET.
Best Diversifiers for CET
5 ETFs have low correlation with CET (below 0.3), 1 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 -0.03, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.03 | -0.00 | 100 | Government Bonds, Ultrashort Bond | CET vs BIL | |
| Invesco Ultra Short Duration ETF | 0.17 | 0.10 | 0.08 | 100 | Ultrashort Bond | CET vs GSY | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.26 | 0.25 | 0.28 | 55 | Silver, Precious Metals | CET vs SLVP | |
| SPDR Bloomberg Barclays Investment Grade Floating ... | 0.27 | 0.19 | 0.18 | 99 | Corporate Bonds | CET vs FLRN | |
| Janus Henderson AAA CLO ETF | 0.28 | 0.18 | 0.14 | 98 | CLO | CET vs JAAA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CET and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.05, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.05 | 0.01 | 0.12 | 53 | Utilities | |
| Walmart Inc. | 0.07 | 0.16 | 0.25 | 63 | Consumer Defensive | |
| Elbit Systems Ltd | 0.08 | 0.15 | 0.23 | 88 | Industrials | |
| Casey's General Stores, Inc. | 0.17 | 0.26 | 0.31 | 94 | Consumer Defensive | |
| NVIDIA Corporation | 0.29 | 0.40 | 0.49 | 78 | Technology |
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