Looking to balance out your exposure to CETX? The ETFs below have the lowest correlation with CETX — they tend to move on their own, which can help reduce risk when CETX drops. The stock ideas table highlights individual companies that behave independently from CETX.
No Diversifiers Found for CETX
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 CETX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CETX and solid risk/return profiles. The least correlated is Sumitomo Mitsui Financial Group, Inc. (SMFG) (Financial Services) with a 1Y correlation of 0.04, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sumitomo Mitsui Financial Group, Inc. | 0.04 | 0.08 | 0.08 | 85 | Financial Services | |
| Micron Technology, Inc. | 0.11 | 0.13 | 0.16 | 99 | Technology | |
| Ducommun Incorporated | 0.19 | 0.11 | 0.12 | 94 | Industrials | |
| Credo Technology Group Holding Ltd | 0.22 | 0.17 | — | 85 | Technology |
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