Looking to diversify beyond CHIQ? The ETFs below have historically moved differently from CHIQ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CHIQ
775 ETFs have low correlation with CHIQ (below 0.3), 41 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.28, roughly unchanged from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | -0.28 | -0.28 | 63 | Derivative Income | CHIQ vs WNTR | |
| ProShares UltraShort Yen | -0.19 | -0.13 | -0.10 | 59 | Leveraged Currency | CHIQ vs YCS | |
| Invesco DB Energy Fund | -0.09 | 0.04 | 0.09 | 53 | Oil & Gas | CHIQ vs DBE | |
| WisdomTree Floating Rate Treasury Fund | -0.09 | -0.01 | 0.00 | 100 | Government Bonds, Ultrashort Bond | CHIQ vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | 0.03 | 0.04 | 100 | Ultrashort Bond | CHIQ vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHIQ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.02, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.02 | 0.07 | 0.05 | 77 | Healthcare | |
| Sterling Infrastructure, Inc. | 0.18 | 0.18 | 0.21 | 79 | Industrials | |
| China Yuchai International Limited | 0.27 | 0.20 | 0.23 | 88 | Industrials | |
| Ping An Insurance Company of China | 0.47 | 0.66 | 0.65 | 57 | Financial Services |
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