Looking to balance out your exposure to CHRD? The ETFs below have the lowest correlation with CHRD — they tend to move on their own, which can help reduce risk when CHRD drops. The stock ideas table highlights individual companies that behave independently from CHRD.
Best Diversifiers for CHRD
7 ETFs have low correlation with CHRD (below 0.3), 5 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.15, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.15 | 0.05 | 0.17 | 73 | Nasdaq-100 | CHRD vs QQQ | |
| Vanguard FTSE All-World ex-US ETF | -0.15 | 0.12 | 0.26 | 60 | Foreign Large Cap Equities | CHRD vs VEU | |
| Vanguard S&P 500 ETF | -0.11 | 0.13 | 0.27 | 70 | S&P 500 | CHRD vs VOO | |
| State Street SPDR S&P 500 ETF | -0.11 | 0.13 | 0.27 | 70 | S&P 500 | CHRD vs SPY | |
| Vanguard Information Technology ETF | -0.09 | 0.09 | 0.19 | 76 | Technology Equities | CHRD vs VGT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHRD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHRD and solid risk/return profiles. The least correlated is Nova Ltd (NVMI) (Technology) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nova Ltd | -0.13 | 0.04 | 0.15 | 92 | Technology | |
| Ubiquiti Inc. | -0.11 | 0.09 | 0.15 | 62 | Technology | |
| Roivant Sciences Ltd. | -0.11 | 0.12 | 0.11 | 98 | Healthcare | |
| Fortuna Silver Mines Inc. | -0.11 | 0.08 | 0.19 | 62 | Basic Materials | |
| NVIDIA Corporation | -0.07 | 0.04 | 0.15 | 78 | Technology |
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Build a portfolio that complements CHRD
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