Looking to balance out your exposure to CHEF? The ETFs below have the lowest correlation with CHEF — they tend to move on their own, which can help reduce risk when CHEF drops. The stock ideas table highlights individual companies that behave independently from CHEF.
Best Diversifiers for CHEF
3 ETFs have low correlation with CHEF (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.25, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.25 | 0.32 | 0.37 | 74 | Nasdaq-100 | CHEF vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.38 | 0.43 | 74 | S&P 500 | CHEF vs SPY | |
| Vanguard S&P 500 ETF | 0.27 | 0.38 | 0.43 | 74 | S&P 500 | CHEF vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHEF and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.12, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.12 | 0.01 | 0.13 | 63 | Basic Materials | |
| Golar LNG Limited | -0.10 | 0.14 | 0.25 | 66 | Energy | |
| Fortinet, Inc. | -0.02 | 0.14 | 0.22 | 69 | Technology | |
| PepsiCo, Inc. | -0.02 | 0.09 | 0.12 | 57 | Consumer Defensive | |
| Archer-Daniels-Midland Company | 0.00 | 0.12 | 0.19 | 94 | Consumer Defensive |
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