Looking to balance out your exposure to CHH? The ETFs below have the lowest correlation with CHH — they tend to move on their own, which can help reduce risk when CHH drops. The stock ideas table highlights individual companies that behave independently from CHH.
Best Diversifiers for CHH
5 ETFs have low correlation with CHH (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.08, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.08 | 0.21 | 0.37 | 76 | Technology Equities | CHH vs VGT | |
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.11 | 0.22 | 0.38 | 57 | S&P 500, Large Cap Growth Equities | CHH vs SPYG | |
| Invesco QQQ ETF | 0.15 | 0.24 | 0.38 | 73 | Nasdaq-100 | CHH vs QQQ | |
| Vanguard S&P 500 ETF | 0.24 | 0.34 | 0.46 | 70 | S&P 500 | CHH vs VOO | |
| Vanguard Total Stock Market ETF | 0.27 | 0.36 | 0.48 | 68 | Large Cap Blend Equities | CHH vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHH and solid risk/return profiles. The least correlated is Fortinet, Inc. (FTNT) (Technology) with a 1Y correlation of 0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortinet, Inc. | 0.08 | 0.18 | 0.29 | 66 | Technology | |
| Hyatt Hotels Corporation | 0.55 | 0.56 | 0.66 | 74 | Consumer Cyclical | |
| Hilton Worldwide Holdings Inc. | 0.57 | 0.56 | 0.67 | 78 | Consumer Cyclical | |
| InterContinental Hotels Group PLC | 0.59 | 0.49 | 0.58 | 81 | Consumer Cyclical |
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