Looking to balance out your exposure to CHD? The ETFs below have the lowest correlation with CHD — they tend to move on their own, which can help reduce risk when CHD drops. The stock ideas table highlights individual companies that behave independently from CHD.
Best Diversifiers for CHD
6 ETFs have low correlation with CHD (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.19, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.19 | -0.09 | 0.02 | 76 | Technology Equities | CHD vs VGT | |
| Invesco QQQ ETF | -0.07 | -0.02 | 0.06 | 73 | Nasdaq-100 | CHD vs QQQ | |
| Invesco Solar ETF | 0.00 | -0.02 | -0.01 | 85 | Alternative Energy Equities | CHD vs TAN | |
| Vanguard S&P 500 ETF | 0.05 | 0.09 | 0.16 | 70 | S&P 500 | CHD vs VOO | |
| State Street SPDR S&P 500 ETF | 0.05 | 0.08 | 0.16 | 70 | S&P 500 | CHD vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHD and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.28, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.28 | -0.17 | -0.09 | 78 | Technology | |
| Fortinet, Inc. | -0.15 | -0.06 | 0.02 | 66 | Technology | |
| Advanced Micro Devices, Inc. | -0.12 | -0.10 | -0.05 | 98 | Technology | |
| Micron Technology, Inc. | -0.11 | -0.09 | -0.05 | 99 | Technology | |
| Marvell Technology Group Ltd. | -0.11 | -0.10 | -0.04 | 98 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CHD
Add CHD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CHD