Looking to balance out your exposure to CHCT? The ETFs below have the lowest correlation with CHCT — they tend to move on their own, which can help reduce risk when CHCT drops. The stock ideas table highlights individual companies that behave independently from CHCT.
Best Diversifiers for CHCT
2 ETFs have low correlation with CHCT (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 0.21, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.21 | 0.26 | 0.35 | 70 | S&P 500 | CHCT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.26 | 0.35 | 70 | S&P 500 | CHCT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHCT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHCT and solid risk/return profiles. The least correlated is Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of 0.22, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | 0.22 | 0.22 | 0.24 | 61 | Healthcare | |
| CareTrust REIT, Inc. | 0.30 | 0.33 | 0.47 | 82 | Real Estate |
Build a portfolio that complements CHCT
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