Looking to balance out your exposure to CHCO? The ETFs below have the lowest correlation with CHCO — they tend to move on their own, which can help reduce risk when CHCO drops. The stock ideas table highlights individual companies that behave independently from CHCO.
Best Diversifiers for CHCO
1 ETFs have low correlation with CHCO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.28, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.28 | 0.36 | 0.39 | 70 | S&P 500 | CHCO vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHCO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHCO and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.07 | 0.12 | 0.15 | 60 | Consumer Cyclical |
Build a portfolio that complements CHCO
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