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
7 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 -0.03, 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 | -0.04 | 0.00 | 100 | Government Bonds, Ultrashort Bond | CET vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.02 | -0.02 | -0.01 | 100 | Ultrashort Bond | CET vs SGOV | |
| VanEck Commodity Strategy ETF | -0.02 | 0.06 | — | 72 | Commodities | CET vs PIT | |
| Invesco Ultra Short Duration ETF | 0.22 | 0.13 | 0.09 | 99 | Ultrashort Bond | CET vs GSY | |
| State Street SPDR Bloomberg Investment Grade Float... | 0.29 | 0.22 | 0.19 | 99 | Ultrashort Bond | CET vs FLRN |
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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 -0.12, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.12 | -0.00 | 0.11 | 66 | Utilities | |
| Walmart Inc. | 0.01 | 0.13 | 0.22 | 71 | Consumer Defensive | |
| Berkshire Hathaway Inc. | 0.12 | 0.34 | 0.50 | 53 | Financial Services | |
| Casey's General Stores, Inc. | 0.12 | 0.22 | 0.29 | 93 | Consumer Defensive | |
| NextEra Energy, Inc. | 0.13 | 0.19 | 0.28 | 73 | Utilities |
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