Looking to balance out your exposure to CHGCY? The ETFs below have the lowest correlation with CHGCY — they tend to move on their own, which can help reduce risk when CHGCY drops. The stock ideas table highlights individual companies that behave independently from CHGCY.
No Diversifiers Found for CHGCY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHGCY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHGCY and solid risk/return profiles. The least correlated is Westpac Banking Corp (WEBNF) (Financial Services) with a 1Y correlation of 0.11, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Westpac Banking Corp | 0.11 | 0.13 | 0.14 | 58 | Financial Services | |
| GlaxoSmithKline plc | 0.21 | 0.15 | 0.19 | 71 | Healthcare |
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