Looking to balance out your exposure to CHPT? The ETFs below have historically moved differently from CHPT, 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 CHPT
1 ETFs have low correlation with CHPT (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.22, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.22 | 0.31 | 0.34 | 95 | Dividend | CHPT vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.45 | 0.49 | 72 | S&P 500 | CHPT vs SPY | |
| State Street SPDR Portfolio S&P 500 ETF | 0.49 | 0.45 | 0.49 | 72 | S&P 500 | CHPT vs SPYM | |
| Vanguard S&P 500 ETF | 0.51 | 0.45 | 0.49 | 72 | S&P 500 | CHPT vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CHPT, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.02 | 0.13 | 0.20 | 67 | Financial Services | |
| NextEra Energy, Inc. | 0.15 | 0.14 | 0.20 | 77 | Utilities | |
| UnitedHealth Group Incorporated | 0.19 | 0.07 | 0.08 | 86 | Healthcare | |
| Alphabet Inc. Class A | 0.23 | 0.22 | 0.31 | 95 | Communication Services | |
| Apple Inc | 0.25 | 0.26 | 0.34 | 90 | Technology |
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