Looking to balance out your exposure to CHD? The ETFs below have historically moved differently from CHD, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CHD
6 ETFs have low correlation with CHD (below 0.3), 6 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.27, down from -0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.27 | -0.11 | -0.00 | 57 | Technology Equities | CHD vs VGT | |
| iShares Semiconductor ETF | -0.24 | -0.13 | -0.05 | 89 | Semiconductors, Technology Equities | CHD vs SOXX | |
| Invesco QQQ ETF | -0.23 | -0.09 | 0.03 | 54 | Nasdaq-100 | CHD vs QQQ | |
| Vanguard Total Stock Market ETF | -0.04 | 0.05 | 0.13 | 71 | Large Cap Blend Equities | CHD vs VTI | |
| Vanguard S&P 500 ETF | -0.04 | 0.05 | 0.14 | 72 | S&P 500 | CHD vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHD, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.30, down from -0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.30 | -0.19 | -0.10 | 63 | Technology | |
| Micron Technology, Inc. | -0.27 | -0.15 | -0.09 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.27 | -0.16 | -0.09 | 93 | Technology | |
| Marvell Technology, Inc. | -0.23 | -0.15 | -0.07 | 90 | Technology | |
| Quanta Services, Inc. | -0.22 | -0.07 | -0.00 | 87 | Industrials |
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