Looking to diversify beyond CHPX? The ETFs below have the lowest correlation with CHPX — 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 CHPX.
Best Diversifiers for CHPX
397 ETFs have low correlation with CHPX (below 0.3), 68 of which are negatively correlated. The least correlated is iShares iBonds Oct 2026 Term TIPS ETF (IBIC) (Inflation-Protected Bonds) with a 1Y correlation of -0.20, roughly unchanged from -0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | -0.20 | -0.20 | 98 | Inflation-Protected Bonds | CHPX vs IBIC | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.20 | -0.20 | -0.20 | 69 | Large Cap Value Equities, Dividend | CHPX vs FDL | |
| United States Gasoline Fund LP | -0.18 | -0.18 | -0.18 | 55 | Oil & Gas | CHPX vs UGA | |
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.17 | -0.17 | 100 | Ultrashort Bond | CHPX vs SGOV | |
| iShares Core High Dividend ETF | -0.17 | -0.17 | -0.17 | 70 | Dividend, Large Cap Value Equities | CHPX vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHPX and solid risk/return profiles. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of 0.61, roughly unchanged from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | 0.61 | 0.61 | 0.61 | 99 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.76 | 0.76 | 0.76 | 93 | Technology |
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