Looking to balance out your exposure to CHDN? The ETFs below have the lowest correlation with CHDN — they tend to move on their own, which can help reduce risk when CHDN drops. The stock ideas table highlights individual companies that behave independently from CHDN.
Best Diversifiers for CHDN
3 ETFs have low correlation with CHDN (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 0.17, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.17 | 0.37 | 0.47 | 60 | S&P 500 | CHDN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.17 | 0.37 | 0.47 | 60 | S&P 500 | CHDN vs SPY | |
| Vanguard Total Stock Market ETF | 0.19 | 0.39 | 0.50 | 60 | Large Cap Blend Equities | CHDN vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHDN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHDN and solid risk/return profiles. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.07 | 0.17 | 0.28 | 71 | Technology | |
| Sterling Infrastructure, Inc. | -0.04 | 0.23 | 0.30 | 96 | Industrials | |
| Fortinet, Inc. | -0.03 | 0.14 | 0.28 | 67 | Technology | |
| CVS Health Corporation | -0.02 | 0.09 | 0.13 | 85 | Healthcare | |
| AppLovin Corporation | -0.01 | 0.15 | 0.28 | 58 | Communication Services |
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