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
557 ETFs have low correlation with CHIQ (below 0.3), 36 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.18, roughly unchanged from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.18 | -0.14 | -0.09 | 63 | Leveraged Currency | CHIQ vs YCS | |
| United States Gasoline Fund LP | -0.08 | 0.05 | 0.08 | 55 | Oil & Gas | CHIQ vs UGA | |
| WisdomTree Floating Rate Treasury Fund | -0.08 | 0.00 | 0.00 | 100 | Government Bonds, Ultrashort Bond | CHIQ vs USFR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.07 | -0.08 | -0.08 | 97 | Inflation-Protected Bonds | CHIQ vs RBIL | |
| SGI Enhanced Core ETF | -0.07 | -0.04 | -0.04 | 95 | Intermediate Core Bond | CHIQ vs USDX |
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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 0.07, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.07 | 0.06 | 0.06 | 74 | Healthcare | |
| Sterling Infrastructure, Inc. | 0.24 | 0.19 | 0.22 | 96 | Industrials | |
| China Yuchai International Limited | 0.33 | 0.20 | 0.24 | 88 | Industrials | |
| Ping An Insurance Company of China | 0.48 | 0.68 | 0.65 | 61 | Financial Services |
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