Looking to balance out your exposure to CHKP? The ETFs below have the lowest correlation with CHKP — they tend to move on their own, which can help reduce risk when CHKP drops. The stock ideas table highlights individual companies that behave independently from CHKP.
Best Diversifiers for CHKP
15 ETFs have low correlation with CHKP (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-Rex 2X Long Alphabet Daily Target ETF | -0.02 | — | — | 93 | Leveraged Bonds | CHKP vs GOOX | |
| Invesco S&P 500 Momentum ETF | -0.00 | 0.19 | 0.31 | 51 | Momentum, S&P 500 | CHKP vs SPMO | |
| Capital Group Dividend Value ETF | 0.05 | 0.22 | — | 70 | Large Cap Value Equities, Dividend | CHKP vs CGDV | |
| Defiance Quantum ETF | 0.06 | 0.18 | 0.30 | 70 | Technology Equities | CHKP vs QTUM | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.07 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | CHKP vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHKP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHKP and solid risk/return profiles. The least correlated is Eaton Corporation plc (ETN) (Industrials) with a 1Y correlation of -0.18, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eaton Corporation plc | -0.18 | 0.08 | 0.20 | 54 | Industrials | |
| Teradyne, Inc. | -0.16 | 0.05 | 0.18 | 96 | Technology | |
| Johnson & Johnson | -0.16 | 0.03 | 0.11 | 96 | Healthcare | |
| Trane Technologies plc | -0.16 | 0.11 | 0.24 | 54 | Industrials | |
| Applied Materials, Inc. | -0.15 | 0.05 | 0.18 | 96 | Technology |
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