Looking to balance out your exposure to CHGG? The ETFs below have the lowest correlation with CHGG — they tend to move on their own, which can help reduce risk when CHGG drops. The stock ideas table highlights individual companies that behave independently from CHGG.
Best Diversifiers for CHGG
10 ETFs have low correlation with CHGG (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.01 | 0.02 | 100 | Government Bonds, Ultrashort Bond | CHGG vs BIL | |
| State Street Energy Select Sector SPDR ETF | -0.01 | 0.10 | 0.12 | 59 | Energy Equities | CHGG vs XLE | |
| VanEck Semiconductor ETF | 0.16 | 0.14 | 0.22 | 90 | Semiconductors, Technology Equities | CHGG vs SMH | |
| iShares MSCI Global Metals & Mining Producers ETF | 0.17 | 0.26 | 0.26 | 58 | Metals, Natural Resources, Materials | CHGG vs PICK | |
| Schwab International Dividend Equity ETF | 0.22 | 0.23 | 0.26 | 67 | Dividend, Foreign Large Cap Equities | CHGG vs SCHY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHGG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHGG and solid risk/return profiles. The least correlated is Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.03, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.03 | 0.08 | 0.09 | 80 | Energy | |
| Berkshire Hathaway Inc. | -0.00 | 0.09 | 0.13 | 53 | Financial Services | |
| Cabot Corporation | 0.10 | 0.22 | 0.24 | 65 | Basic Materials | |
| The AES Corporation | 0.14 | 0.16 | 0.23 | 64 | Utilities | |
| Lloyds Banking Group plc | 0.17 | 0.20 | 0.22 | 84 | Financial Services |
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