Looking to balance out your exposure to CEVA? The ETFs below have the lowest correlation with CEVA — they tend to move on their own, which can help reduce risk when CEVA drops. The stock ideas table highlights individual companies that behave independently from CEVA.
Best Diversifiers for CEVA
0 ETFs have low correlation with CEVA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.68, roughly unchanged from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.68 | 0.62 | 0.66 | 59 | Nasdaq-100 | CEVA vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CEVA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CEVA and solid risk/return profiles. The least correlated is Nordic Semiconductor ASA (NRSDY) (Technology) with a 1Y correlation of 0.17, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nordic Semiconductor ASA | 0.17 | 0.12 | 0.15 | 73 | Technology | |
| AXT, Inc. | 0.28 | 0.36 | 0.45 | 99 | Technology | |
| Baidu, Inc. | 0.29 | 0.31 | 0.35 | 58 | Communication Services | |
| Alphabet Inc. Class A | 0.29 | 0.35 | 0.43 | 96 | Communication Services | |
| Innodata Inc. | 0.35 | 0.39 | 0.37 | 69 | Technology |
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