Looking to balance out your exposure to CHCI? The ETFs below have the lowest correlation with CHCI — they tend to move on their own, which can help reduce risk when CHCI drops. The stock ideas table highlights individual companies that behave independently from CHCI.
Best Diversifiers for CHCI
2 ETFs have low correlation with CHCI (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) (Gold) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.02 | 0.07 | — | 52 | Gold | CHCI vs GDE | |
| ProShares UltraPro S&P 500 | 0.13 | 0.09 | 0.13 | 66 | Leveraged Equities, S&P 500 | CHCI vs UPRO |
Diversification Analysis
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