Looking to diversify beyond CHIQ? The ETFs below have the lowest correlation with CHIQ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from CHIQ.
Best Diversifiers for CHIQ
596 ETFs have low correlation with CHIQ (below 0.3), 79 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.14 | -0.10 | 61 | Leveraged Currency | CHIQ vs YCS | |
| United States Oil Fund LP | -0.20 | 0.04 | 0.07 | 66 | Oil & Gas | CHIQ vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | — | — | 56 | Derivative Income | CHIQ vs USOY | |
| United States Brent Oil Fund LP | -0.19 | 0.04 | 0.07 | 65 | Oil & Gas | CHIQ vs BNO | |
| Invesco DB Oil Fund | -0.17 | 0.04 | 0.08 | 65 | Oil & Gas | CHIQ vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHIQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHIQ and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.11, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.11 | 0.08 | 0.06 | 72 | Healthcare | |
| Sterling Construction Company, Inc. | 0.24 | 0.20 | 0.22 | 97 | Industrials | |
| China Yuchai International Limited | 0.32 | 0.20 | 0.24 | 95 | Industrials | |
| Ping An Insurance Company of China | 0.48 | 0.68 | 0.65 | 71 | Financial Services |
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