Looking to balance out your exposure to CHA? The ETFs below have the lowest correlation with CHA — they tend to move on their own, which can help reduce risk when CHA drops. The stock ideas table highlights individual companies that behave independently from CHA.
Best Diversifiers for CHA
1 ETFs have low correlation with CHA (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.15 | — | — | 75 | Momentum, S&P 500 | CHA vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHA and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.02 | — | — | 96 | Communication Services | |
| NVIDIA Corporation | 0.06 | — | — | 78 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.06 | — | — | 95 | Technology | |
| Advanced Micro Devices, Inc. | 0.06 | — | — | 98 | Technology | |
| ASML Holding N.V. | 0.07 | — | — | 94 | Technology |
See all 6 low-correlation stocks for CHA
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Diversification Analysis
Build a portfolio that complements CHA
Add CHA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CHA