Looking to balance out your exposure to CHMI? The ETFs below have the lowest correlation with CHMI — they tend to move on their own, which can help reduce risk when CHMI drops. The stock ideas table highlights individual companies that behave independently from CHMI.
Best Diversifiers for CHMI
7 ETFs have low correlation with CHMI (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 0.13, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.13 | 0.25 | 0.32 | 50 | Technology Equities | CHMI vs VGT | |
| Invesco S&P 500 Momentum ETF | 0.16 | 0.26 | 0.33 | 51 | Momentum, S&P 500 | CHMI vs SPMO | |
| Invesco NASDAQ 100 ETF | 0.16 | 0.26 | 0.34 | 54 | Nasdaq-100 | CHMI vs QQQM | |
| Global X NASDAQ 100 Covered Call ETF | 0.18 | 0.24 | 0.30 | 85 | Nasdaq-100, Derivative Income | CHMI vs QYLD | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.35 | 0.41 | 65 | S&P 500 | CHMI vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHMI and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of 0.15, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | 0.15 | 0.26 | 0.30 | 78 | Real Estate | |
| ZIM Integrated Shipping Services Ltd. | 0.17 | 0.14 | 0.17 | 81 | Industrials | |
| Ellington Financial Inc. | 0.30 | 0.45 | 0.50 | 67 | Real Estate | |
| Dynex Capital, Inc. | 0.31 | 0.48 | 0.53 | 78 | Real Estate | |
| Annaly Capital Management, Inc. | 0.35 | 0.49 | 0.54 | 86 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements CHMI
Add CHMI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CHMI